Vornado's DC Multifamily Head Joins Ditto Residential
The head of Vornado's DC multifamily team is leaving the REIT ahead of its merger with JBG to join Ditto Residential.
Toby Millman will become Ditto's president as CEO Martin Ditto looks to grow the development company he founded in 2008.
Ditto said he is beginning to shift from doing smaller, $5M to $10M projects to taking on developments in the $20M to $60M range, and he brought on Millman because of his experience with large-scale development.
"As we look to new projects and new ways of doing things, he expands our capacity not only in terms of the size and scale of projects but the breadth of projects that we're able to do," Ditto said.
Before his five years at Vornado, Millman worked at Abdo Development for seven years, EYA for six years and started his own company, Agora Development. He said this diversity of experience working with large and small companies makes him well-suited to manage Ditto's growth.
"Ditto is really at this inflection point where it’s had eight years of success with small and medium projects," Millman said. "Martin realizes it's time to take the company to the next level and bring in more horsepower."
Ditto recently delivered the second iteration of its Oslo co-living concept, with an eight-unit project on the 1200 block of Florida Avenue NE. A block up from that, Ditto also recently delivered the 45-unit Hendrix apartments project.
The developer has three larger projects in its pipeline. On the 300 block of Florida Avenue NE near Union Market, Ditto is planning a 56-unit project with Zusin Development. It is also planning a 100-plus unit project in Shaw at the corner of Rhode Island Avenue and 7th Street NW. In Southeast DC, Ditto is partnering on the Buchanan School project with Insight Property Group and Federal Capital Partners, and it is planning a 45-unit townhouse project across the street from that site.
