Practice for Architecture and Urbanism (PAU) Domino Sugar Plant
Jed Walentas’ Two Trees Management is moving forward with its redevelopment of the famed Domino Sugar Plant in Brooklyn. The $3 billion real estate development will be a complex of apartments, stores, offices and a popular park.
Built back in 1882, Brooklyn’s Domino Sugar Plant has been a fixture of the New York skyline opposite Manhattan and along the East River for as long as anyone can remember. The complex was built in 1882 and ceased operations in 2002. But it is an officially designated landmark and so the building cannot be torn down, only renovated.
Two Trees calls the Brooklyn Domino Sugar Plant an Icon in the Heart of Inspiring Williamsburg. Located at the center of Domino Park on the Williamsburg waterfront, says the company, the 19th-century landmark has been transformed into an unparalleled architectural masterpiece containing 460,000 rentable square feet of office space, a triple-height atrium lobby, exceptional amenities, and acclaimed ground floor retailers.
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The Refinery is scheduled to be ready for occupancy in the fourth quarter of 2023. Once completed, the Domino campus will feature 3,000 apartments, 600,000 square feet of office space, best in class retail and 6 acres of open space and parks.
Practice for Architecture and Urbanism (PAU) is the firm behind the redevelopment.
Jed Walentas’ firm further boasts that set within the building’s historic brick façade is a newly constructed 15-story glass building that provides efficient, virtually column-free floor plates with abundant natural light, operable windows, and spectacular views of the New York City skyline. This unique design allows for all the benefits of Class-A new construction with the character of a renowned and distinctive building.
CBRE tri-state CEO Mary Ann Tighe, the head of the office leasing team, told the New York Post, “What the Walentases do is make a neighborhood more of what it intrinsically is. This building couldn’t exist anywhere else in New York but in Williamsburg.”
According to the Real Estate Board of New York, Jed Walentas is a principal of Two Trees Management Company. Jed began his career in real estate working for The Trump Organization after graduating from the University of Pennsylvania in 1992. When the Giuliani administration agreed to rezone DUMBO in 1997, Jed came to work with his father, David Walentas, at Two Trees.
In recent years, Jed has assumed daily operating responsibility at Two Trees. Jed manages the company and oversees all aspects of the acquisition, development, construction, marketing and leasing of Two Trees’ properties. Under Jed’s leadership, Two Trees has transformed DUMBO from a gritty, underutilized industrial district into a vibrant, creative community that has preserved and built upon the existing local arts scene to create a world-renowned neighborhood. Today, DUMBO is a home to emerging and established arts and cultural organizations, as well as an eclectic mix of commercial and residential tenants. Two Trees leases space to approximately 400 commercial tenants including Etsy, Huge, Amplify, West Elm, and scores of others who create one of the City’s most vibrant technology sectors in DUMBO.
Since its founding in 1968, Two Trees, a Brooklyn-based, family-owned real estate development firm, has owned, managed and developed a portfolio worth more than $4b in real estate. Today, Two Trees currently owns and manages more than 2,000 apartments and an additional 3 million square feet of commercial and industrial real estate throughout New York City.
