Ron Moelis, Co-founder and Chairman
Ron Moelis is a co-founder of L+M Development Partners, a full-service real estate development firm, and its affiliated companies. Ron founded L+M in 1984 and after 37 years as CEO, he has now stepped down to serve as chair. A graduate of the University of Pennsylvania, Ron holds a B.A. in History and a B.S. in Economics from the Wharton School, and a J.D. from New York University.
What is your favorite landmark in New York State?
Central Park. It’s one of the few places that truly offers a sense of reprieve from the bustle of the city. Over the past ten years, I’ve spent a tremendous amount of time walking and running in the park and it always brings me back to a state of feeling calm. I have always loved living in Manhattan because it is so vibrant, but Central Park stands out because it feels like a different world — it’s an escape from the energy of its surroundings.
What has been your favorite development project and why?
Essex Crossing. After many years of working tirelessly with the city and the community, we were able to design and build an inclusive development that took into account the needs of the neighborhood. Essex Crossing infused the Lower East Side with vibrancy and by bringing together affordable housing, entertainment, retail, and the eclectic Market Line, we were able to create a mixed-use community that provides world-class amenities for residents and visitors alike.
What is the current state of commercial real estate in New York? What impact has the pandemic had?
The pandemic has undoubtedly had a dramatic effect on the market. It appears that the residential side is starting to stabilize but on the other hand, it seems that the commercial and retail industries will take longer to rebound since consumer spending patterns and lifestyles were significantly altered in the last two years.
How did you become interested in architecture, real estate, or construction?
I first became interested in real estate when I was in law school, but my passion really picked up once I started becoming involved in affordable housing around 1985. I was really drawn to the fact that affordable housing development combines mission and impact, requires solving financial challenges and involves the complexity of working with public and private partnerships.
What is your favorite place you’ve ever lived?
Manhattan. I have always loved the excitement this borough has to offer. From cultural institutions and diverse eateries to nightlife and interesting people, Manhattan is so dynamic and in all my years living here, I have never gotten tired of it.