As part of a strategy instituted in late 2011 with Bill Scully of Cashel Advisors to focus on residential development in New York City, Appian Real Estate came across this development site through Dan Hollander of DHA Capital. DHA had been evaluating the opportunity on an off-market basis when Cushman & Wakefield was hired to fully market the project. DHA came to Appian to assist with the capitalization of the project and ultimately Appian and Cashel were responsible for the creation of the present development team which includes DHA, Patrinely Group, and USAA Real Estate Company.

The site was purchased in December of 2012 and broke ground in 2014. The original business plan for this project was to sell it upon stabilization. Instead the project was refinanced in 2018 and is performing well.

This property is owned in a partnership between the principals of Patrinely Group and DHA Capital with equity partner USAA Real Estate and Appian retains an interest.