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FAIR GAME FOR DOUGLASTON: Williamsburg Waterfront

Commercial Real Estate News

FAIR GAME FOR DOUGLASTON

By Lois Weiss
Tuesday, June 28, 2005 - Douglaston Development, a Levine Builders Company, hired Jonathan Fair as vice president. He brings over 10 years of experience to his new position. Fair will report to Michael Kaye, president of Douglaston Development. Fair will oversee The Edge, a new 1msf mixed-used residential project in Williamsburg. More than 1,000 residential units will be developed over 100,000 sf of retail space along with parking for 1,000 cars. A waterfront esplanade will be created along the river, with a recreational and water taxi pier built into the river from North 6th Street. The project includes brownfield remediation, master planning, waterfront permitting and construction. Levine Builders will be providing construction management services for this project. Construction will commence by the spring of 2006.
Prior to joining Douglaston Development, Fair served as senior vice president of commercial and residential development for Forest City Ratner Companies. He was responsible for overseeing the residential development associated with Atlantic Yards Project, a $2 billion development consisting of 15 buildings and 6,000 residential units.
Previously, Fair was employed at New York City Economic Development Corporation as executive vice president of real estate. He oversaw and managed four departments, including Capital Programs, Property Management, Real Estate Development and Structuring, consisting of more than 100 employees.
Fair served as a sub-committee member for Senator Charles E. Schumer’s “Group of 35”, as well as chair of the American Museum of the Moving Image Rent Committee and officer of Industrial Development Agency. He is currently a member of the Real Estate Board of New York Housing Committee. He received his MBA from Baruch University and B.A. from Syracuse University.

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