Lendlease, Australia, is undergoing massive transformation as part of a global corporate restructuring effort and a significant change in its American business model. Last year, the company sold its Arm to manage the construction of third -party New York – the legacy Lehrer McGovern Bovis Business, which he first acquired in 1999 – at Consigli Building Group. But Lendlease is on the New York map, mainly in the development and management of real estate investments, with a board of notable projects on their plaque in the United States and the region who have gained recognition as the owner of 2025 ENR of the year.
With a specialty in the Office of Rental and Multifamily Life Sciences and a Laser Focus on Sustainable Development, Lendlease is wrapping three major American projects this year, including the Riverie of 788,000 square meters, a residential and residential developmental development of 788,000 feet, a residential and retail development of the whole block in the Brooklyn section.
The firm also recently completed the Academic and Academic Complex of 354,000,000 squares of Claremont Hall in the Morningside Heights district of Manhattan. MEG Spriggs, General Director of Lendlease Development of the Americas, exposed the list of projects that the firm works and its future development plans in the United States.
The All-Electric Tower crane used in Claremont Hall was part of the Lendlease initiative to use green technologies in the workplace, including the use of non-diesel construction equipment.
Photo courtesy borrowed
What are the prospects for the development of the New York area?
Me sprigs
New York has always been and will continue to be a strong market for real estate development. We have a strong economic basis, we have cultural and educational institutions and we are an incredibly resistant city and region.
The most encouraging in the last year and this year is the demand for office space that has really returned to the pre-paid levels, which we all feel on the sidewalk. We are also excited about the creation of jobs and, of course, even more aggressive terms of returning to the officer we have seen, and we continue to have a significant foul of housing supply. In addition to high interest rates and high prices of housing, we believe it [all these factors] will really help increase multifamily [residential] Development.
It is very encouraging to see all the advances that the city has made through various political initiatives and incentives, such as the city of Yes [new affordable housing rezoning plan] and the extension of tax credit 421 (A) and the new 485-X [affordable neighborhood tax incentive program]. It really is this kind of incentive that will ensure that New York is competitive and attractive [development] And for investors.
Where will development efforts focus?
Our mandate here in the United States is housing, mainly multifamily, although we have some condominium buildings in our channeling and life science offices. Currently, we are in execution mode in the three major projects, including the Riverie, formerly known as One Java, in Brooklyn, a great multifamily development [with two towers and a row of townhouses]; Our project in Los Angeles is a combination of creative and multifamily offices and on the ground floor; and a life science project of about 350,000 square feet in Boston that we have just completed.
In the Riverie, we will be ready to occupy the end of the year. In Culver City of Los Angeles, the multifamily units will be available in the first quarter of next year, as well as in the office space. And in Boston, right now we are leasing: we have our [certificate of occupancy] Last month.
Recent Lendlease projects with a look:
The riverie
The multifamily residential complex of 789,000 square meters, of 789,000 square meters, in the first line of sea of Brooklyn, has 834 units in the towers of 10, 20 and 37 floors, as well as semi -detached houses on a neighborhood scale. The property, which will also have 13,000 square meters of retail, has the largest geothermal system in New York and extensive features of climate resilience.
Forum
The recent fulfillment of 350,000 square meters in the Boston Boston Allston-Brighton district, developed by Ivanhoé Cambridge, offers advanced research facilities. The nine -story structure of Leed Platinum will also have 288 parking spaces.
Habitat
In 2026, the residential complex, creative and retail work of 455,000 square meters and retail complexes in the district of Culver City, in Los Angeles, has a 12 -story residential six floors and towers office. It will offer 260 rental apartments, 253,000 square meters of office space, a public square of a ACRE, 125 kW solar panels and an underground garage with 64 spaces of electric vehicles.
Have the operations and/or development changed since the sale of the construction arm?
We can operate the same way. We have not made significant changes to the team. The main focus is to provide these three successful developments: they are quite large projects. We are in running mode, so we do not focus on the future pipeline at this time.
However, the company has been clear that we are interested in growing our investment management platform. We were co-generals in Claremont Hall. We are the main sponsor of Riverie. We take equity in all cases, so we have capital members or limited partners in everything we do.
“New York has always been and will continue to be a strong market for real estate development”
—Meg Spriggs, General Director of Development of the Americas, Lendlease
Sustainability is the thread that goes through everything. It is still a fundamental principle of our development mandate. Riverie is electric and also has geothermal. Our life science building in Boston is also all electric, which is not super domestic for life science buildings, as you can imagine. And the city of Culver is also electric.
We have used lower carbon concrete in all these assets. And our use of solar panels in the city of Culver allowed us to welcome us to C-Pace funding [half of] What was a very large loan, $ 315 million. This was only achievable for us due to the foundations of carbon emissions that we were able to achieve with the design of the building. Therefore, this is quite exciting, especially for residential, where we can finally improve the value through the financing structure.
Under construction along the Greenpoint seafront in Brooklyn, La Riverie is a residential community of 834 units developed by Lendlease and the joint company partner Aware Super.
Photo courtesy borrowed
Which project are you most proud of?
We completed Claremont Hall in the first half of last year, which is a 41 -story development in Morningside Heights, in collaboration with the Union Theological Seminary Campus.
We are proud of well -integrated property in the neighborhood. The seminar and some of the institutions around the area were a very old Gothic Renaissance in design. The team at [Robert A.M. Stern Architects] He was really able to deliver this new building that seems to have been there for a long time.
This was a way to improve the value of the campus.
In Riverie: We heat and cool the project with the geothermal power, which is very exciting because we believe that it is the largest geothermal project in New York. And there are 834 units, and about 250 of these units are affordable. We are also next to the day, with immediate access, to the Moll de l’Endia Street, a wharf operated by Ferris, and we have created a public promenade that will connect the East River with the project.
