News: Spotlight Content

Douglaston Development completes 288-unit Ohm at 312 11th Ave.

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. Ohm is perfectly situated in one of the most transforming areas of West Chelsea. Directly across from Ohm sits Hudson Yards, the future site of a park, office and residential development. The heart of the neighborhood's club scene lies just one block south. Surrounding these clubs is one of the world's most recognizable collections of galleries and art spaces. With jogging and bike paths of the Hudson River Park one block to the west, the High Line one block east, Chelsea Piers just a short walk away, and many local neighborhood eateries nearby, Ohm is in as active and unique a neighborhood as exists in Manhattan. The leasing office is open on the building's 22nd floor. For more information, visit www.ohmny.com.
MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability