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L+M Development Partners has secured a $278 million construction loan for Building D at Arverne East in Queens, which will feature 230 affordable rental units and 90 for-sale homes, with completion anticipated in 2028. The project, covering 360,000 square feet in a 10-story structure, aims for Phius certification and utilizes sustainable energy sources, contributing to the broader plan of adding 15,000 new housing units in the area despite current production slowdowns.