Rendering courtesy Douglaston Development!
Douglaston Development, ENR New York’s Owner of the Year for 2026, recently broke ground on 2868 Webster Ave. in the Bronx, a 12-story, 277-unit affordable housing development that represents the second phase of a two-phase project adjacent to the New York Botanical Garden.
ENR editors selected Douglaston Development as the 2026 ENR New York Owner of the Year for its execution of some of New York City’s most complex public, affordable and mixed-income housing initiatives.
Douglaston will be featured in the March print issue of ENR East.Â
With more than 40 years in New York City real estate, Douglaston has financed more than $3 billion in development during the past seven years and maintains an additional $2.2 billion active predevelopment pipeline across the metropolitan region and beyond.Â
Founded in 1979 by Jeffrey Levine, the firm has evolved from a local construction company into a vertically integrated platform encompassing development (Douglaston Development), general contracting (Levine Builders) and property management (Clinton Management). This structure allows the firm to control cost, schedule and long-term asset performance while delivering and managing thousands of residential units across affordable, market-rate, senior housing and hospitality sectors, along with millions of square feet of commercial space citywide.
Douglaston’s work is distinguished by its depth of public and community engagement. The firm is a longtime partner to agencies and organizations including the New York City Housing Authority, New York City Housing Development Corp., New York City Dept. of Housing Preservation and Development and numerous nonprofit and community groups.Â
The firm recently broke ground on 2868 Webster Ave. in the Bronx, a 12-story, 277-unit affordable housing development that represents the second phase of a two-phase project adjacent to the New York Botanical Garden. The development includes ground-floor retail that will expand a longtime neighborhood grocery store, with completion targeted for 2027.
Douglaston is also a key partner in the city housing agency’s largest capital project to date: the $477-million comprehensive modernization of Saint Nicholas Houses in Harlem. Executed through a design-build contract, the project will renovate 1,526 apartments across 13 buildings, benefiting more than 3,300 residents. Additional agency work includes a $275-million rehabilitation of Sack Wern Houses in the Bronx and the near-completion of extensive upgrades at Linden and Penn-Wortman Houses, where more than 1,900 units have been substantially rehabilitated.
In the private and mixed-use sector, Douglaston recently secured $270.5 million in financing for 175 East 82nd St., a luxury condominium project on Manhattan’s Upper East Side that required severing an existing structure to preserve on-site affordable housing. Construction is underway and scheduled for completion in 2027. The firm also celebrated the opening of Atlantic BK, a $320-million mixed-use development in Bedford-Stuyvesant delivering more than 450 residential units.
Check out the March issue of ENR East to read more about ENR New York’s Owner of the Year.
Justin Rice is Editor for ENR East.