Xylem Projects
Xylem Projects is an MWBE-certified, mission-driven New York City real estate development and investment firm delivering affordable, mixed-use, and senior housing through competitive government RFPs and strategic co-development partnerships across multiple U.S. cities.
- Company typePrivate
- Founded-
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Xylem Projects does
Xylem Projects is a mission-driven real estate development and investment firm headquartered at 600 Fifth Avenue in New York City. The company is MWBE-certified in NYC, New York State, and New Jersey, which gives it direct access to minority contracting set-aside programs on government housing procurements. Its core activity is the pursuit and execution of mixed-use, affordable, and senior housing developments through competitive Request-for-Proposal processes issued by government housing authorities (notably NYCHA) and municipal entities. Founder Nnenna Lynch — formerly a Senior Advisor to Mayor Bloomberg where she oversaw large-scale real estate projects and rezonings, and most recently Head of Development at Georgetown Company where she oversaw nearly $2B of development — leads a small core team that also includes a PE-licensed construction veteran (Joel Silverman, former president of HRH Construction and 20-year Columbia University faculty) and a generalist IT leader (Luke Murphy).
The firm's product portfolio spans a wide envelope of project types: large-scale adaptive reuse (SouthWorks in Ithaca, a 1.7 million square-foot, 95-acre, 28-building mixed-use neighborhood rehabilitating a former Morse Chain industrial facility), 100% affordable senior housing built to Passive House standards with geothermal and solar systems (Carmen Villegas Apartments, a 28-story, 220-unit East Harlem development), historic-adjacent mixed-use housing (The Grove in Salt Lake City, 244 units across three buildings), and a thick RFP pipeline including the 810-unit Kingsboro, the 1,300-unit West Park in Philadelphia, the 319-unit East Harlem, the 360-unit Stapleton, 222-unit Morris Houses, 203-unit Kingsborough, 285-unit Jerome Anthony, and a NYCHA PACT submission for West Brighton Houses. Execution is consortium-based: Xylem is typically the minority/MWBE partner in joint ventures with operators such as Monadnock Development, Beacon Communities, Urban Builders Collaborative, Omni, SHIFT Capital, L Enterprises, WestHab, Comunilife, Ascendant Neighborhood Development, Lettire Construction, and others.
The business model rests on three revenue mechanics: (i) developer fees and equity returns from mixed-use housing projects covering affordable, workforce, and market-rate units; (ii) co-investment returns from capital partnerships such as Kalel Holdings; and (iii) long-term property management of completed developments, particularly affordable senior housing. The go-to-market is sales-led, RFP-driven, and partnership-mediated — not consumer-facing marketing — with the company qualifying for bids as an MWBE-certified partner and assembling project teams with general partners, contractors, architects, and community organizations. The firm is privately held with no disclosed external investors.
Xylem Projects firmographics
Firmographics- Name
- Xylem Projects
- Legal name
- Xylem Projects
- Website
- https://xylem.nyc
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Xylem Projects is an MWBE-certified, mission-driven New York City real estate development and investment firm delivering affordable, mixed-use, and senior housing through competitive government RFPs and strategic co-development partnerships across multiple U.S. cities.
- Ownership category
- akta.pro rank
Xylem Projects industry classification
Industry- Product category
- Real Estate Development
- NAICS
- New Multifamily Housing Construction (except For-Sale Builders) (236116), Land Subdivision (2372), Land Subdivision (23721)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)
- akta.pro secondary industries
- Senior Living & Assisted Living Facility Construction (IMAFACAJ), Housing Development, Construction & Rehabilitation Programs (BPAIANAB), Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)
Keywords
Where Xylem Projects is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Xylem Projects business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales, Others
Revenue model
- Real Estate Development: Development fees and equity returns from mixed-use housing projects including affordable, workforce, and market-rate residential units combined with commercial and community spaces.
- Investment Returns: Co-investment in development projects through partnerships with financial partners and capital providers, generating returns through property sales or retained operations.
- Property Operations: Long-term property management of completed developments including affordable senior housing with ground floor commercial and community spaces.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Xylem Projects product offering
Product offeringCore offering
Xylem Projects is a mission-driven real estate development and investment firm that develops mixed-use, affordable, and senior housing projects, often through competitive RFPs with government housing authorities. Its work spans adaptive reuse of industrial facilities (e.g., 1.7M sq ft SouthWorks in Ithaca), new construction of affordable senior housing to Passive House standards (e.g., Carmen Villegas Apts in East Harlem), and NYCHA public-housing redevelopment. The firm partners with community organizations, co-developers, architects, and capital providers to deliver projects that combine residential, commercial, and community spaces.
Product overview
Xylem Projects is a mission-driven real estate development and investment firm (not a technology company) offering a portfolio of mixed-use development projects, affordable housing developments, and senior housing initiatives. The firm's offerings include large-scale adaptive reuse projects like SouthWorks (Ithaca), new mixed-use developments like The Grove (Salt Lake City), and multiple RFP submissions for affordable and senior housing across New York City, Philadelphia, and other locations. The company also develops projects to Passive House sustainability standards. There are no software products, digital platforms, or technology-as-a-service offerings described.
Differentiator
Problem solved
Functional benefit
Products and services
- Mixed-Use Housing Development Development of mixed-use projects combining affordable, workforce, and market-rate residential units with ground-floor commercial and community facility space; delivered to government and institutional buyers via RFP and joint-venture partnerships.
- Affordable Senior Housing Development Development of 100% affordable senior housing projects, including high-rise buildings constructed to Passive House standards with geothermal and solar energy systems, ground-floor commercial and community spaces, delivered for government and institutional buyers.
- Adaptive Reuse Development Rehabilitation and conversion of large-scale former industrial facilities into mixed-use neighborhoods, blending historic preservation with new construction to deliver housing, commercial, recreation, and community space.
- NYCHA Public Housing Redevelopment Redevelopment of New York City Housing Authority (NYCHA) public housing stock through PACT and similar programs, delivering mixed-finance renovations and broader community and resident services in partnership with community-based organizations.
- Passive House / Sustainable Construction Services Design and construction of buildings to Passive House standards, integrating geothermal and solar energy systems to reduce operational carbon in affordable and senior housing developments.
Companies that use Xylem Projects
Customer profileSegments3 records
Ideal customer profiles2 records
Xylem Projects technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Xylem Projects partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and secondary.
- Ascendant Neighborhood Development CorporationcoreCommunity development partner for Carmen Villegas Apts project in East Harlem. Ascendant is a community-based organization focused on neighborhood revitalization and affordable housing development.
- Urban Builders Collaborative (UBC)coreDevelopment partner on Carmen Villegas Apts and East Harlem RFP projects. UBC focuses on community-centered development with emphasis on quality of life for residents and community members.
- Lettire ConstructioncoreConstruction partner for Carmen Villegas Apts and East Harlem projects. Licensed general contractor with expertise in affordable housing and community development construction.
- SHIFT CapitalcoreReal estate investment partner for SouthWorks Ithaca adaptive reuse project. SHIFT Capital focuses on place-based investment strategies for neighborhood revitalization.
- L EnterprisescoreDevelopment partner for SouthWorks Ithaca project, bringing expertise in adaptive reuse and mixed-use development.
- US Ceiling CorpcoreConstruction partner for SouthWorks Ithaca adaptive reuse project, contributing specialized expertise in ceiling systems and interior construction for large-scale commercial projects.
- OmnicoreDevelopment partner for Kingsborough (Perennial Court) Bronx RFP and Morris Houses Brooklyn RFP senior housing projects.
- WestHabcoreCommunity organization partner for Bronx and Brooklyn senior housing RFP projects, focusing on workforce development and community services.
- Housing Assistance Management EnterprisecoreDevelopment partner for The Grove Salt Lake City project, contributing affordable housing management and development expertise.
- Common Grounds InstitutecorePartner for The Grove project, bringing community development focus and potential for expanded affordable housing and community programming.
- Monadnock DevelopmentcoreRepeated partner across multiple projects including Kingsboro RFP (810 units), West Brighton NYCHA redevelopment, and West Park Philadelphia RFP, demonstrating established relationship.
- Dantes PartnerssecondaryDevelopment partner for Kingsboro RFP project, contributing affordable housing development expertise.
- ComunilifecoreCommunity development partner for Jerome Anthony Bronx RFP project, bringing social services and community programming expertise.
- AscendantcorePartner for East Harlem RFP (319 units) project, focusing on community-based development in partnership with Xylem, Urban Builders Collaborative, and Lettire Construction.
- MonadnockcoreDevelopment partner for West Park Philadelphia RFP (1,300 units) alongside Beacon Communities, bringing experience in large-scale mixed-use developments.
- Beacon CommunitiescoreDevelopment partner for West Park Philadelphia 1,300-unit housing project, contributing affordable housing development and property management expertise.
- The Master GroupsecondaryPartner for West Brighton Houses NYCHA PACT RFP housing redevelopment project.
- Beverly RoadsecondaryPartner for West Brighton Houses NYCHA PACT RFP project, contributing community development and housing expertise.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
Xylem Projects competitors and assessment
Company assessmentDirect peers
- Monadnock Development: NYC-based affordable housing developer and frequent co-development partner of Xylem on Kingsboro, West Brighton, Jerome Anthony, and West Park. Competes in the same NYCHA and municipal affordable housing RFP market with similar mixed-use, multifamily project focus.
- L+M Development Partners: NYC-based affordable and mixed-income housing developer competing directly with Xylem on NYCHA, HPD, and HDC RFPs. Similar project profile of mixed-use, multifamily, and senior housing developments across NYC and adjacent markets.
- Beacon Communities: Boston-based affordable housing developer and co-development partner of Xylem on West Park Philadelphia (1,300 units). Operates a national portfolio of affordable and mixed-income rental housing with strong RFP and LIHTC execution capabilities directly comparable to Xylem's model.
- Urban Builders Collaborative (UBC): NYC affordable housing developer and Xylem's co-development partner on Carmen Villegas and East Harlem RFPs. Focused on community-centered development with similar quality-of-life orientation and competing for the same set-aside and affordable housing RFP pipeline.
- Ascendant Neighborhood Development Corporation: East Harlem-based community development corporation and Xylem co-development partner on Carmen Villegas and East Harlem. Competes for and collaborates on NYC affordable housing RFPs with strong community-anchor positioning comparable to Xylem's mission-driven model.
- BRP Companies: NYC-based multifamily affordable and mixed-income developer pursuing HPD, HDC, and NYCHA RFPs with comparable mixed-use project scale. Similar pipeline of large multifamily developments in NYC boroughs.
- Phipps Houses: One of NYC's largest nonprofit affordable and mixed-income housing developers, active across HPD, HDC, and NYCHA programs. Competes with Xylem for affordable housing RFPs at similar scale and with deep institutional relationships comparable to Xylem's government access.
- Omni New York LLC: NYC affordable and mixed-income housing developer and Xylem co-development partner on Kingsborough, Morris Houses, and Stapleton RFPs. Direct overlap in senior housing RFPs and mixed-use affordable housing developments across NYC boroughs.
Broad incumbents
- Related Companies: One of the largest U.S. affordable and mixed-income housing developers, with deep NYC affordable housing pipeline and government relationships. Competes for the same NYCHA and city RFPs as Xylem while operating at vastly greater scale across market-rate, affordable, and senior housing.
- The Georgetown Company: Founder Nnenna Lynch's prior employer; large-scale NYC real estate developer with mixed-use, residential, and commercial portfolio. Represents the scale-up trajectory Xylem is targeting, while operating with broader asset classes than Xylem's affordable-focused niche.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Xylem Projects social profiles
Digital presenceXylem Projects financial estimates
Financial estimateRevenue estimate
Valuation estimate
Xylem Projects leadership team
Management profileNumber of profiles
Profiles4 records
Xylem Projects funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Xylem Projects M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Xylem Projects
What does Xylem Projects do?
Xylem Projects is a mission-driven real estate development and investment firm that develops mixed-use, affordable, and senior housing projects, often through competitive RFPs with government housing authorities. Its work spans adaptive reuse of industrial facilities (e.g., 1.7M sq ft SouthWorks in Ithaca), new construction of affordable senior housing to Passive House standards (e.g., Carmen Villegas Apts in East Harlem), and NYCHA public-housing redevelopment. The firm partners with community organizations, co-developers, architects, and capital providers to deliver projects that combine residential, commercial, and community spaces.
Is Xylem Projects a public or private company?
Xylem Projects is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Xylem Projects founded?
Xylem Projects was founded in -1. It employs 1 to 10 people.
Where is Xylem Projects based?
Xylem Projects is headquartered in New York, United States, in the North America region.
How does Xylem Projects make money?
Three revenue lines are on record. Real Estate Development is the primary driver. The others are investment Returns and property Operations.
Who are Xylem Projects's main competitors?
Direct peers on record are Monadnock Development, L+M Development Partners, Beacon Communities, Urban Builders Collaborative (UBC), Ascendant Neighborhood Development Corporation, BRP Companies, Phipps Houses and Omni New York LLC. Broad incumbents are Related Companies and The Georgetown Company.
Does Xylem Projects have an API?
No public API is recorded for Xylem Projects.
What industry is Xylem Projects in?
Xylem Projects's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAB, Multi-Family Residential Construction (Apartments, Condos, Townhomes), with a secondary code of IMAFACAJ, Senior Living & Assisted Living Facility Construction. Its NAICS code is 236116 and its SIC code is 6552.