DDG plans Williamsburg development

Joe McMillan’s firm signed ground lease on North 1st Street

TRD New York /
Feb.February 21, 2018 08:39 AM
102-110 North 1st Street and Joe McMilla

102-110 North 1st Street and Joe McMillan (Credit: Getty Images)

Joe McMillan’s DDG is preparing for a post-L Train shutdown Williamsburg with a boutique development on North 1st Street.

The company signed a 99-year ground lease for a site at 102-110 North 1st Street, between Wythe Avenue and Berry Street, last year, the New York Post reported. It later bought $740,000 worth of air rights from nearby plots.

It wasn’t clear what DGG plans to build, although condominiums are out of the question given the ground lease.

DDG is currently developing a 32-story tower on the Upper East Side, which has met fierce opposition from local politicians. [NYP]Konrad Putzier


Related Articles

arrow_forward_ios
Carmel Partners CEO Ron Zeff (JLL)

Carmel Partners sells Norwalk apartment complex valued at $157M

Carmel Partners sells Norwalk apartment complex valued at $157M
From left: 180 West 81st Street in Upper West Side, 15-30 130th Street in College Point; 5002 13th Avenue in Borough Park (Google Maps)

Manhattan sees first September i-sale with UWS mixed-use building

Manhattan sees first September i-sale with UWS mixed-use building
Knotel CEO Amol Sarva and Sprinklr CEO Ragy Thomas with 29 West 35th Street (Sarva via Sasha Maslov; Getty; Google Maps)

Manhattan landlords sue Knotel, Sprinklr for missing rent

Manhattan landlords sue Knotel, Sprinklr for missing rent
(iStock)

Is winter coming? Real estate stocks dragged down by 4th week of market decline

Is winter coming? Real estate stocks dragged down by 4th week of market decline
From left: Michael Fuchs, Aby Rosen, Brandon Singer and Michael Cody (Getty, iStock)

Aby Rosen, Michael Fuchs back new retail brokerage

Aby Rosen, Michael Fuchs back new retail brokerage
Companies are relying on surveys and other data points to determine who will come back to offices first. (iStock)

How do companies decide who should return to offices first? It’s tricky

How do companies decide who should return to offices first? It’s tricky
UDR President Jeffrey Davis, AvalonBay Timothy Naughton Equity Residential's Sam Zell (LinkedIn; AvalonBay; Getty)

Investors bank on urban real estate comeback

Investors bank on urban real estate comeback
HelloFresh’s NYC HQ (Courtesy of Industry City, HelloFresh by Eric Laignel)

HelloFresh inks Industry City deal for content studio

HelloFresh inks Industry City deal for content studio
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...