Expertise

Douglaston Development primarily focuses on ground-up mixed-use residential, hospitality and senior housing projects, which include luxury and affordable rentals and condominiums.

The collective capabilities of Douglaston Development, Levine Builders, and Clinton Management are a true differentiator in the industry—allowing for the most comprehensive approach and efficiencies. We are highly accomplished in all areas of real estate development, including:

Pre-Acquisition Analysis and Underwriting

  • Site evaluation and underwriting
  • Zoning analysis and entitlement requirements
  • Underwriting and analysis for conventional financing, tax credit structures and bond financing for market rate and affordable projects
  • Identifying appropriate acquisition and ownership structure given program from fee ownership and ground-leases to non-profit nominee partnerships
  • Collaborate with Levine Builders on design construction feasibility, cost, and timing

Financing

  • Leverage our long-term bank, institutional investor, and government agency relationships to appropriately stack and place acquisition, construction and permanent financing
  • Seek other sources of financing such as tax credits, bonds and other available public sources to finance affordable and mixed-use projects to completion

Entitlements, including Zoning and Planning

  • Navigate complex regulatory and agency requirements to entitle sites for development
  • Expertise in NYC ULURP process to successfully rezone sites
  • Proactively engage with local community Boards, community based organizations, and area residents to build strong relationships and enthusiasm for projects

Design Development

  • Partner with seasoned and well-respected licensed design professionals
  • Early engagement of leasing and marketing teams or partner hotel operators to design the best unit mix and layout
  • Work closely with Levine Builders, Clinton Management and design professionals to properly plan and design projects from construction to ultimate operations
  • Proactively design efficiencies, amenities, and units by always keeping the end-user experience and lifestyle in mind

Budgeting / Scheduling

  • Expertise in creating realistic and achievable pre-development, construction and operating, and commissioning budgets
  • Proven accountability processes to keep projects on budget and on time
  • Collaborate with Levine Builders throughout the pre-construction and construction process to meet all benchmark, completion and commissioning dates

Construction Owner Representation

  • Dedicated in-house personnel and project teams ensure thoroughness and completeness of all plans through proactive involvement from initial conceptual and schematic design
  • Internal capability to interact with and hold construction manager and its trades accountable on construction budget and benchmark dates
  • Effective and knowledge-based decision making process to solve on-site field conditions and site issues that were not foreseen

Project Marketing & Leasing

  • Oversee marketing, branding and initial lease up of all residential units
  • Identify and source potential tenants and uses for community facility, retail and commercial units in mixed use buildings
  • Ability to deliver commercial, retail and community facility tenant fit-out

Asset Management

  • Active asset management of completed assets, including lease renewals, refinancing, capital improvements, repositioning retail and commercial units
  • Engagement in all details of capital improvements and redesign, renovations, rebranding and marketing of existing assets
  • Evaluate market, geographic, economic and transportation conditions and take strategic steps to maintain and increase asset value

The Douglaston Companies

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