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