News: Owners Developers & Managers

DDG and Global Holdings 50-story tower surpasses $200 million in sales

Manhattan, NY National real estate developer DDG and partner Global Holdings building at 180 East 88th St., the tallest residential building above 72nd St. on the Upper East Side at 50 stories, has surpassed $200 million in sales. Establishing the development as one of the best-selling condo projects on the Upper East Side this year, 180 East 88th St.  sold multiple two-, three- and five-plus-bedroom homes, including the building’s triplex penthouse that was featured on Succession and sold for nearly $25 million.

The building offers eight floors of amenities, including a wine room with private storage, partial indoor basketball court and soccer pitch, game room, residents’ lounge, fitness center and children’s playroom. Residents also receive benefits at select Upper East Side cultural institutions. 

“We created 180 East 88th St. to offer buyers a unique residential experience on the Upper East Side and we are pleased to continue seeing such a robust response,” said Joe McMillan, chairman, CEO and Founder of Azur and DDG. “The continued interest in the project speaks to 180 East 88th Street’s sought- after combination of high-design homes in a complete, full-service condominium in one of Manhattan’s most coveted neighborhoods, available at an attractive price point.”

180 East 88th St. is positioned in the market to offer lasting value while bringing a new level of luxury and design to Carnegie Hill. 180 East 88th St. was designed to incorporate the highest quality materials. In addition to design-forward features like elliptical entry galleries and custom Italian kitchens, homes has high ceilings, spacious floorplans and nine- foot windows that create a sense of volume while maximizing the unobstructed views of the New York City skyline.

“180 East 88th St. continues to resonate with today's most discerning buyers, who appreciate the craftsmanship, views and lifestyle where every detail has been thoughtfully considered and executed,” said Crista Villella of Corcoran Sunshine, who is managing sales at 180 East 88th St.along with Michael Gordon. “Buyers have recognized and moved quickly in the last year to take advantage of this incredible opportunity. Only a handful of homes remain available for those looking to make the jewel of Carnegie Hill their home.”

MORE FROM Owners Developers & Managers

GFP Development and CetraRuddy to speak at ICF “On the Future of City Living”

Manhattan, NY After the reveal of Wrey, the second office-to-residential luxury conversion by GFP Development and award-winning architecture and interior design firm CetraRuddy, two of its key design protagonists will speak at ICFF “On the Future of City Living.”
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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).
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 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