ULI New York Blog

‘Five Minutes With’ feat. Isaac Henderson, Development Director, L+M Development Partners

This week’s ‘Five Minutes With’ series features Isaac Henderson, Development Director-Essex Crossing, L+M Development Partners, whose project – Essex Crossing-Phase 1 – is a 2019 Awards Finalist for Excellence in Mixed-Use Development.

Who has had the greatest influence on your career and what was the best advice he or she gave you?

I’ve been fortunate to have worked with some of New York real estate industry’s most successful developers, including the principals of all three teams at Essex Crossing: BFC, L+M. and Taconic. One trait that each of these developers have is persistence. To be successful you need to overcome obstacles, be quick on your feet, and find creative solutions to problems. We face a lot of complex problems every day but have been able to meet each challenge head on. As a result, we are nearing completion on a project that others could not even get started for more than 50 years.

What qualities do you think are essential to be an effective leader?

The best leaders in the industry are ones who value collaboration. Essex Crossing is the result of multiple development teams working together to create something with lasting value to one of New York’s historic communities. Each of the teams has provided input and ideas, which has resulted in a project that is more diverse and innovative than it might have been if we had only a single voice.

As a ULI NY Awards nominee, what makes you most proud of your project?

I am extremely impressed with how well we have integrated a wide variety of uses into the first phase of the project. Almost all the uses and buildings would be easier to finance, design and build if they were done as stand-alone projects. However, we believe that the best communities are ones that are planned in a cohesive, integrated way. Because we took that approach, Essex residents will have access to one of the country’s largest markets in the Market Line – filled with more than 100 small vendors –  a new Regal Cinema, a Trader Joe’s and Target, an NYU Urgent Care facility, a new world class museum, and significant green space. Not only that, but all the buildings are for people with varying incomes and are designed by world class architects. We believe the project’s diversity of uses is its greatest amenity and one that makes Essex Crossing a one-of-a-kind place to live, work, and shop.

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