News: Owners Developers & Managers

Landsea Homes and DNA Development break ground on 12-story, mixed-use development at 540 Sixth Ave.

Shown (from left) are: Allen Jiang, EB-5 associate, LS; Ka Ho, manager, sales and escrow, LS; Kevin Murray, VP development, NY Metro Landsea; John Ho, CEO Landsea; Mike Forsum, COO Landsea; Jill Preschel, VP sales and marketing, NY Metro Landsea; Elizabeth Way, Mack; David Berger, DNA; Daniel Kimmel, financial analyst, Landsea; Jed Lowry, VP finance, Landsea; Alex Sachs, DNA; Paul Lee, CIO, Landsea; Steven Cohen, project manger, Landsea; Chester Gu, VP, Landsea; Christina Stamos, analyst, sales and marketing, Landsea; and Tom Parker, director of construction, Landsea.

Manhattan, NY Landsea Homes, in partnership with DNA Development, officially broke ground on their 12-story, mixed-use development at 540 Sixth Ave., at the northeast corner of 14th St. and 6th Ave. 

“Located at the nexus of three desirable downtown neighborhoods–Flatiron, Chelsea and Greenwich Village–40 Sixth Ave. is well-positioned to raise the bar for luxury living,” said John Ho, CEO of Landsea Homes. “We are thrilled to celebrate this milestone and officially commence construction with our partners at DNA Development as well as our architecture and design team Morris Adjmi Architects.”

We look forward to delivering a distinctive building that will connect with this vibrant corner.” 

“We love this corner and its proximity to the Village, Union Sq. and Chelsea, and we are honored and excited to contribute this beautiful and contextual building to the fabric of this dynamic neighborhood,” said Alexander Sachs, partner at DNA Development. 

Landsea Homes and DNA Development tapped architecture and design firm Morris Adjmi Architects to design 540 Sixth Ave. When complete, the building will offer 50 residences, comprised of one-, two- and three-bedroom homes, many with private outdoor space. 

Sales are slated to begin this spring. The Eklund|Gomes team and Douglas Elliman Development Marketing are the exclusive sales and marketing teams for the project. 

The project cost was not disclosed.

540 Sixth Ave. marks Landsea Homes’ second ground-up development in the city. 

MORE FROM Owners Developers & Managers

Getting to “yes” on accommodating the last-mile delivery facilities New Yorkers count on - by Jon Popin

New Yorkers love getting groceries, meals, and packages delivered straight to their door, or at least, to their doorman. The “last-mile delivery” facility’s trucks and vans are the linchpin that make that convenience possible?
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by  Ron Cohen

NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen

New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations
Don’t leave severance damages behind - by Sebastian Jablonski

Don’t leave severance damages behind - by Sebastian Jablonski

When the government takes a portion of a landowner’s property, most assume just compensation stops at the value of the land taken. However, in partial takings, that is only half of the equation.
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
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).