The Real Deal New York

AG approves DDG’s $308M condo plan at 180 East 88th Street

Joe McMillan's firm gets green light to sell 48 UES units

December 04, 2015 12:38PM
By Rich Bockmann

Joe McMillan and renderings of 180 East 88th Street (credit: DDG Partners)

Joe McMillan and renderings of 180 East 88th Street (credit: DDG)

Joe McMillan’s DDG received the green light to begin selling apartments at its Upper East Side condo tower, which will aim for a total sellout of slightly more than $308 million.

Attorney General Eric Schneiderman’s office last month approved the Tribeca-based development firm’s condo offering plan for its under-construction tower at 180 East 88th Street.

DDG is aiming for a total sellout of $308.2 million, a figure that also includes storage space in the building.

Construction kicked off earlier this summer on the 32-story tower, which will feature 30-foot-high masonry arches and a brick façade imported from Denmark.

Along with the Zeckendorfs’ 520 Park Avenue, DDG’s building will be one of the tallest on the Upper East Side. The development firm paid $68 million, or $538 per buildable square foot, when it bought the site in 2013, making it one of the riskier development deals out there.

DDG is also behind the XOCO, a nine-story condo building at 325 Broadway in Soho. It has four listings on the market, ranging from $2.6 million to $7.6 million.