News: Owners Developers & Managers

Douglaston Development tops off 2 North 6th Place – A new 40-story rental tower; Designed by Stephen B. Jacobs/Andi Pepper; Levine Builders is general contractor

Shown (from left) are: Michael Kaye, Jeffrey Levine, Steven Charno, Michael Kessler, Benjamin Levine, Jonathan Fair and Tom Epstein. Shown (from left) are: Michael Kaye, Jeffrey Levine, Steven Charno, Michael Kessler, Benjamin Levine, Jonathan Fair and Tom Epstein.
Brooklyn, NY According to Jeffrey Levine, chairman of Douglaston Development, 2 North 6th Place, a new mixed-use waterfront development, has topped out. The 40-story rental tower will include 554 residences, a ground floor retail space and parking for 160 cars. This project completes the last phase of Douglaston’s residential community along the Williamsburg waterfront. In total, The Edge, 1 North 4th and now, 2 North 6th Place contain over 2,000 apartments, 500 of which will remain affordable in perpetuity. “We are incredibly excited to add 2 North 6th Place to our outstanding collection of residences that have transformed the Brooklyn skyline and added so much vibrancy to the community,” said Levine. “We’re very proud to have been a part of how people live and work in Williamsburg.”  The building, which abuts the East River between North 6th and 7th Sts., is the final piece of Douglaston’s master-planned, waterfront community. This phase of the project also entails a terraced park with tree-lined walkways and three public piers. In total, Douglaston has created over two acres of city parkland, including the busiest node of the East River Water Ferry Service, from a previously derelict manufacturing site. 2 North 6th Place features architecture and interiors by the Stephen B. Jacobs Group and Andi Pepper Interior Design; Levine Builders is serving as general contractor. Amenities on the 9th floor will include an indoor/outdoor pool & spa overlooking Manhattan, along with a fitness studio, yoga room, residents’ lounge, party space and landscaped terrace. Located in Williamsburg, residents will enjoy access to neighborhood restaurants, bars and local events, such as Smorgasburg. Additionally, residents will have easy access to Manhattan via both the L train and the North Williamsburg ferry landing which is steps from the building. Douglaston expects occupancy in February 2017; MNS will serve as the exclusive rental and marketing agency with an on-site leasing office. For more information, please contact Katie Sobel at [email protected]. For more photos of the event: Ed Lederman Photography.
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
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
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
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