DDG Partners acquires vacant development site in NoHo: To begin $35 million project

DDG Partners LLC has acquired a vacant development site, comprised of two adjoining lots, at 41-43 Bond St. in the city's NoHo Historic District for an undisclosed sum. With approved building plans and construction financing in place, DDG will commence construction of the $35 million, ten-story condominium project by early October. The property is the first in a series of middle market acquisitions DDG expects to close over the next 6-12 months. DDG is a full service real estate investment and development company that was formed in the spring to take advantage of opportunities in the real estate market. DDG's principals, Joe McMillan, JC Keeler, Chris Prokop and Peter Guthrie, have in excess of a combined 65 years of experience, and a diverse range of skills that offer significant competitive advantages in N.Y.C. real estate development. "We have a range of complementary skills that cross almost all aspects of real estate investment, which we believe offer significant competitive advantages in today's turbulent marketplace," said McMillan, CEO of DDG. "While we are tremendously excited about Bond St., we also have a pipeline of projects that range from ground-up new construction, to partnering with existing lenders and developers on projects that are already underway. We're opportunistic, with in-house financial, development, construction, and legal expertise, which allows us to quickly analyze opportunities and respond aggressively where we see value," sad Millan. DDG specializes in middle market opportunities where they can invest $10 million to $25 million, across all property types, and is the exclusive real estate investment affiliate for a select group of high net worth family offices. For more information please visit: www.ddgpartners.com,