Investor Daryl Hagler Takes Over Ridgewood’s Embattled Resi Tower Development
Why this matters
Mixed-use is where the most interesting urban repositioning is happening. Office-to-residential conversions in Manhattan, Washington, and Philadelphia have moved from pro-forma exercises to closed transactions, and walkable suburban densification is drawing patient capital with longer hold periods than the traditional core or value-add fund structures support. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. For allocators, mixed-use offers exposure to multiple property types within a single basis, which has become attractive as monoline sector forecasts have widened.
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On the RET wire
- The 318th New York story tracked on the wire in September 2026. All New York coverage →
- Disclosed mixed use deal value tracked in September 2026: $678.5M across 5 reported transactions. All Mixed Use coverage →
Computed from Real Estate Trail’s own tracked coverage
Real estate investor and controversial health care mogul Daryl Hagler has signed on the dotted line to take over one of the most embattled developments in Ridgewood, Queens. The under-construction mixed-use tower at 3…
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