New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


New York & Tri-State  + Uptown/Bronx  + Apartments  | 
Douglaston Development has topped out construction at 2856 Webster Ave., the first phase of an affordable housing project near the New York Botanical Garden's grounds in the Bronx

Douglaston Tops Off First Phase of Bronx Affordable Near Botanical Garden Grounds 

Douglaston Development topped out the first phase of a two-phase, mixed-use project located at 2856 Webster Ave. in the Bronx, adjacent to The New York Botanical Garden’s (NYBG) 250-acre grounds. Levine Builders, the general contracting and construction management affiliate of Douglaston Development, is leading project construction. 

Upon completion of Phase I in March 2023 2856 Webster Ave. will deliver 188 residences of affordable senior housing, along with a 12,000-square-foot Cherry Valley Marketplace and onsite social services for residents in partnership with Fordham Bedford Community Services. Phase II, located at 410 Bedford Park Blvd., will deliver affordable rental units for families and ground-floor retail space. 

“We look forward to continuing our work alongside all project and community partners as we bring Phase I to fruition and embark upon Phase II,” said Jeffrey E. Levine, founder and chairman of Douglaston Development. Douglaston entered into a 99-year lease with NYBG in 2020. 


Inside The Story

Douglaston Development

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
New call-to-action