[chris08876]

AG approves DDG’s $308M condo plan at 180 East 88th Street

Joe McMillan’s DDG received the green light to begin selling apartments at its Upper East Side condo tower, which will aim for a total sellout of slightly more than $308 million.

Attorney General Eric Schneiderman’s office last month approved the Tribeca-based development firm’s condo offering plan for its under-construction tower at 180 East 88th Street. DDG is aiming for a total sellout of $308.2 million, a figure that also includes storage space in the building. Construction kicked off earlier this summer on the 32-story tower, which will feature 30-foot-high masonry arches and a brick façade imported from Denmark.

Along with the Zeckendorfs’ 520 Park Avenue, DDG’s building will be one of the tallest on the Upper East Side. The development firm paid $68 million, or $538 per buildable square foot, when it bought the site in 2013, making it one of the riskier development deals out there. DDG is also behind the XOCO, a nine-story condo building at 325 Broadway in Soho. It has four listings on the market, ranging from $2.6 million to $7.6 million.

=====================
http://therealdeal.com/blog/2015/12/....v16wobdY.dpuf