News: Owners Developers & Managers

Douglaston Development completes 288-unit Ohm at 312 11th Avenue

In Chelsea, a new residential tower has just risen and is now opening its doors at 312 11th Ave. Ohm has a total of 288 apartments available. "Ohm is bringing a new level of excitement that hasn't been seen before in a luxury residential building in West Chelsea," said Jeffrey Levine, chairman of Douglaston Development which is developing the building. Designed by Stephen B. Jacobs, with interiors by Andi Pepper, the 34-story Ohm includes studio to three-bedroom apartments, each featuring open kitchens, hardwood floors, floor-to-ceiling corner windows and in-home safes. Additionally, every apartment boasts several eco-conscious features including filtered water, Energy Star appliances, and double-pane windows for U.V. protection. The building features a 5,100 s/f landscaped sky deck complete with green roof and lounge chairs, approximately 5,000 s/f of street-level retail space and parking located on two levels. "From its impressive sky deck to offering classic Pac-Man games and a multimedia space in the lobby with projection screens as well as a designated performance stage, which will host bi-weekly performances curated by Knitting Factory Entertainment, Ohm is providing a fresh, youthful option for renters looking to make themselves at home in West Chelsea," said Nancy Packes, president of Nancy Packes, Inc., the exclusive leasing consultant on the building.
MORE FROM Owners Developers & Managers

Versant Media Group signs 84,509 s/f lease expansion with Columbia Property Trust

Manhattan, NY Columbia Property Trust, Inc. with Versant Media Group, Inc., a new publicly traded modern media company, has entered into a long-term lease extension and a three-floor, 84,509 s/f expansion at 229 West 43rd St. The agreement will establish the property as Versant’s New York City corporate office
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
Hunt Commercial Real Estate Question and Answer:  Evaluating the buyer - by David Hunt

Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt

The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading