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NEW YORK, NY January 15, 2008

OZ Holdings announces approval of its luxury Condominium project in the Ladies’ Mile Historic District in Manhattan

Ground Breaking is expected in April, 2008

OZ Holdings, LLC, a New York City-based real estate investment company, announced today that New York City Landmarks Commission has approved the design for its Manhattan Condominium Development. The project is located on 21st street between 5th and 6th Avenues, within the Ladies' Mile Historic District in Flatiron, New York City.

Designed by acclaimed Architect, Morris Adjmi, the building is set among New York City’s most magnificent landmark buildings in the heart of the Flatiron District, uniting innovative luxury living with historic character. This boutique 14-story building will offer 12 spectacular residences, all with private outdoor spaces and direct keyed-elevator entry into each unit. Building amenities will include a full gym, private storage rooms and concierge services.

The $20 million project is a joint venture with TDC Development Corporation. Ground breaking is expected in April, 2008.

About OZ Holdings

OZ Holdings, LLC is a New York City-based real estate investment/development company with a strong focus on hospitality development. OZ seeks to identify development opportunities in the world market with the potential for superior returns. The company currently has projects underway in the USA, China and the Caribbean. OZ typically sources investments by teaming up with joint-venture partners with excellent access to off-market transaction flow. The firm seeks to add value, with proven local partners, through creative use of capital and aggressive asset management. In addition, OZ views contribution to the community and the environment as a central tenet of its business core vision.

OZ Holdings, LLC is a privately held company with offices in New York City and Shanghai. For more information on OZ Holdings, visit the company web site at www.ozholdings.com.


Media Contact:

Gil Kraiem, Director of Communications, Oz Holdings, LLC
972-3-923-5383
gk@ozholdings.com

 

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