MONDRIAN PARK AVE.
444 PARK AVE SOUTH
NEW YORK, NY
444 Park Avenue South is a 100k sf building on the corner of 30th Street and Park Avenue South in the fashionable Nomad District of Manhattan. D.A.’s founders sourced the deal off market and, in a partnership with another local investor, gut renovated and converted the class B- office building into a 5 star boutique Mondrian Hotel with 190 keys, ground floor restaurant, cellar level club as well as a building rooftop food and beverage venue . The hotel and restaurants were designed by global design icon Phillipe Starck, while the food operations are led by by world renowned Danny Elmaleh. See Location.
21-01 21st Street, Astoria, NY
On the corner of 21st Street and 21st Avenue in Astoria, D.A. Development will be constructing an approximately 38,000 square foot mixed use residential condominium building with retail on grade. Designed by award winning architect C3D, the ground up development will consist of 18 residences and will be designed with the finest detail in mind, including high end appliances, wide plank flooring and oversized windows. Amenities will include communal and private rooftop space, parking, fitness center and children’s play area. Anticipated completion Fall 2020.
250 West 47th Street, New York, NY
250 West 47th St is located in the heart of Times Square in NYC. D.A. Development Group purchased the deal off market and successfully vacated the building. D.A. then added value through buying additional air rights and putting together architectural plans for a ground up hotel with 160 keys, sky bar and a ground floor food and beverage component. D.A.strategically sold the property in an off market transaction, thereby achieving target investor returns while eliminating all construction risk.
1055-1057 2ND AVENUE
NEW YORK, NY
47 EAST 30TH STREET
NEW YORK, NY
Subject properties have 24 residential apartments and 4 stores. DA Development's founders partnered with a local investor to purchase the 2nd Ave buildings, recognizing an opportunistic play, and potential assemblage. DA Development was able to add value by vacating the majority of the rent stabilized tenants and re selling the assets at a premium.
47 East 30th Street is a mixed use property located directly adjacent to the Mondrian hotel in the Nomad District of Manhattan. This property has 6 residential apartments and 1 commercial store on the ground floor. Subject property has another 13k sf of air rights.
D.A. Development Group is looking forward to revealing details on pipeline projects in the near future.