DDG plans Williamsburg development

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

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

Brookfield Asset Management CEO Bruce Flatt

“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

Cadre founder Ryan Williams and Allen Smith

Cadre brings on former Four Seasons CEO as president

AKS Capital Partners Managing Partners Aaron Appel and Walker & Dunlop CEO Willy Walker

Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

250th Issue

The Real Deal celebrates 250 issues

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

Neir's Tavern (Credit: Google Maps)

Landlord to bar owner: You don’t have to go home but you can’t stay here