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

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.