Springer Capital Properties Construction Corp
Springer Capital Properties Construction Corp. specializes in the construction and rehabilitation
of multifamily and mixed-used properties. Founded in 1981, LWCC has grown from a company performing moderate rehabilitations to a
full service construction firm providing detailed planning, project management, and supervision on a range of challenging and
complicated projects. The firm has a long history of working on properties that are funded through state and city affordable housing
programs and maintains up-to-date expertise with the numerous requirements associated with these jobs.
LWCC has a staff of qualified and dedicated individuals with years of experience in the construction industry. At our job
sites, our supervisors are all OSHA-certified and have the appropriate licenses and certifications associated with each project. The
field staff is supported by project managers, assistant project managers, cost estimators and executive staff. Company principals are
involved in every project from the bidding stage through closeout. The entire team works with our clients to ensure organization,
coordination and responsiveness.
For over thirty years LWCC has focused on delivering a quality and lasting product and the highest level of satisfaction
to our clients. We take great pride in our work at every level of the company.
We work closely with our clients and wider project teams around the world to develop remedial solutions that achieve
regulatory compliance and are proportionate but robust for the particular site and project, often providing
value-add solutions for wider Springer Capital Properties or partnership projects.
New Construction Projects
1. Williamsburg, Brooklyn Market Rate Housing
Springer Capital Properties is partnering with the owner of a site in the Williamsburg neighborhood of Brooklyn
on the development of a 35-unit, market-rate building. The Grand Street project involves the demolition of an
existing structure and the construction of a contemporary, masonry-clad property with one- and two-bedroom apartments.
Springer Capital Properties is the co-developer, general contractor, and property manager for this project.
Total units: 35
Total development cost: $13.5 million
2. Bronx Supportive Housing
Springer Capital Properties is the general contractor for Urban Pathways Inc.’s ten-story, 86-unit supportive housing
building on East 162nd Street in the Bronx. The project is funded through HPD’s Supportive Housing Loan Program with
LIHTC financing provided by the Raymond James Tax Credit Fund. Gran Lopez Architects and Planners is the architect.
Total units: 86
Construction contract: $17.2 million
3. Boston Road Supportive Housing
Construction of 43 supportive housing units in the Bronx for Urban Pathways Inc. that will serve formerly homeless adults
with mental illness and low-income community residents with a preference for veterans.
Total units: 43
Construction contract: $8 million
4. East 231st St. Bronx
A three-story, 15-unit building in the Williamsbridge section of the Bronx, built in 2011 under HPD’s Third Party
Transfer Program. Springer Capital Properties constructed this building using Insulated Concrete Forms (ICF) for
energy-efficient, reinforced concrete walls, floors, and roofs.
Total units: 15
Construction contract: $3.9 million
5. Sedona Condominium
A six-story building with 11 luxury apartments on 119th Street in Harlem, completed in 2010. Springer Capital Properties
was awarded the contract by a private developer.
Total units: 11
Construction contract: $2.5 million
Renovation Projects
1. 1770 TPT
Substantial renovation of four buildings in the Bronx. A NYC affordable housing developer hired Springer Capital Properties
Construction Corp. for the substantial renovation under HPD’s Third Party Transfer program starting in December 2014.
Total units: 100
Construction contract: $8.5 million
2. Plover Apartments Renovation
Renovation of four buildings in various Bronx neighborhoods through HPD’s Third Party Transfer and HDC’s LAMP Preservation programs, started in July 2014.
Total units: 100
Construction contract: $19 million
3. Academy Street Preservation
Rehabilitation of six buildings in Washington Heights, owned since the early 1980s by Springer Capital Properties principals.
Total units: 150
Construction contract: $13 million
4. Hoewood Point
Substantial renovation of two properties totaling 80 units, financed by HDC & HPD, with construction starting in June 2012.
Total units: 80 plus two commercial spaces
Construction contract: $9.6 million
5. Aurea Development
Gut renovation of two South Bronx properties, addressing structural conditions and an oil spill, with construction completed six months ahead of schedule.
Total units: 85 plus three commercial spaces
Construction contract: $13.25 million
6. Quadrant Properties, Phase V, Bronx
Renovation of seven buildings and 106 units in the Mott Haven neighborhood, with improvements funded through HPD’s Article 8A loan program.
Total units: 106
Construction contract: $3.5 million