DDG co-founder sues partners for $1.5M, seeks company dissolution

A founding member of the once-active condominium development company DDG Partners, Peter Guthrie, filed a lawsuit yesterday in New York State Supreme Court in Manhattan seeking to dissolve the company, while also seeking a $1.5 million judgment for alleged damages.

Case LINK

Court filings represent the position of one party and are not necessarily accurate or complete.

Four individuals founded the firm in 2009, according court records, Joseph McMillan the former CEO, Christopher Prokop, Peter Guthrie, and John Keeler. None of them are primarily involved in DDG Partners, according to a review of their LinkedIn profiles and other information. Overall, DDG has not been publicly moving forward with new projects since approximately 2020, though their project at 180 East 88th Street last year saw a penthouse resale for $24.7 million.

In addition to 180 East 88th Street, the firm developed projects 41 Bond Street, 12 Warren Street, 100 Franklin Street, and their most recent New York City project, 532 West 20th Street. The condo plans for that project were filed in 2020.

Today, McMillan is CEO of the development firm Azur LLC, Prokop is a licensed associate broker at Serhant, and Guthrie is a co-founder of the design studio Yellowtrees.

The suit also names John Keeler, who acted as senior advisor and a stakeholder in the company.

Keeler in 2016 sought an arbitration to confirm he still retained a stake in the company, and he won. He filed a petition in 2017 to confirm that award and the other partners did not oppose.

The new case is a summons only, and does not yet include details normally found in a complaint. According to the summons, “The relief sought is a Declaratory Judgment, an Order of Judicial Dissolution, an equitable accounting, recission [sic] and money damages in excess of One Million Five Hundred Thousand Dollars ($1,500,000.00).”

Direct link to the property’s ACRIS page.