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Posted: December 31, 2024
2024 Year in Review: David Altman, Esq., Brown Altman & DiLeo, LLP
Founding Partner
Brown Altman & DiLeo, LLP
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?
Most significant project accomplishment for 2024 is completion of the Enclaves Hotel Project in Southold, N.Y. The Enclaves Hotel Project began in 2017 and, following extensive SEQRA review by the Southold zoning board of appeals and, thereafter, site plan approval from Southold’s planning board, the project received a building permit in June 2024. The Enclaves Hotel will be a significant source of revenue and jobs for Southold and Suffolk County.
What emerging trends will drive investment and development in 2025?
Similar to 2024, investment/development in 2025 will be driven by interest and mortgage rates. Hopefully, inflation will remain stable, and the Federal Reserve will continue its policy of easing monetary costs and making credit more affordable.
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