DDG Partners begins construction on $35m condominium project

DDG Partners LLC, a fully integrated real estate investment and development company, acquired a vacant development site, comprised of two adjoining lots, at 41-43 Bond St. in New York City's NoHo Historic District. With approved building plans and construction financing in place, DDG has commenced construction of the $35 million, ten story, luxury condominium project. 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 of 2009 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 New York City 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, chief executive officer of DDG. "While we are tremendously excited about Bond Street, 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."