The roof deck at One Park in Cliffside Park — Courtesy: DMG Investments
By Joshua Burd
The development firm behind a new 204-unit luxury condominium project in Cliffside Park has named a new chief executive.
DMG Investments LLC announced Friday that it has promoted Jacky He from executive vice president to CEO. In the new role, He will direct all U.S operations and investments for the New York-based firm, including its existing portfolio of luxury for-sale condominiums and student housing, along with new developments.
That includes One Park, DMG’s recently opened condo building in Cliffside Park, where closings are underway. The upscale 14-story building overlooks the Hudson River and offers a mix of one- to four-bedroom homes priced from the $500,000s.
He is the founder of DMG, a U.S. subsidiary of DoThink Holding Group, a well-known developer in China. In his role to date, He has led the investment of more than $400 million in residential projects in urban and suburban markets throughout the country.
In addition to One Park, DMG Investments’ existing portfolio includes:
- Auden Albany: Off-campus student apartments located across from the University of Albany in Albany
- Auden Houston: Student housing in Houston
- Arabella: A 33-story luxury condo building in Houston
- Frederick Lofts: A 100-unit rental property in downtown Milwaukee
The company is also pursuing additional development and investment opportunities in key markets throughout the U.S., according to a news release.