Domino Sugar | The Real Deal New York

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Domino Sugar

314 Kent Avenue
Brooklyn, NY 11249
Residential, New Construction
Domino Sugar
When it opened in 1882, the Domino Sugar refinery on the Williamsburg, Brooklyn, waterfront at 314 Kent Avenue was the worlds largest sugar refinery. Refining ceased at the site in 2004, and, within a few years, plans were afoot for redeveloping the 11-acre site between South 2nd and South 5th streets and Kent Avenue and the East River, into one of the biggest residential complexes in recent New York City history. After original developers CPC Resources and Isaac Katan abandoned their 2,200-apartment plans in 2012 due to financial trouble, Two Trees Management stepped in. The developer opted for apartments as well. After wrangling with the city over the number of affordable-housing units to include (Two Trees bumped the share to 700, 260 more than what the earlier developers offered), the de Blasio administration signed off on their plans in March 2014. Two Trees $1.5 billion plans as of spring 2014 call for 2,300 apartments total, with office space geared toward technology companies and retail space as well. The purchase included 314 Kent Avenue, 320 Kent Avenue and 325 Kent Avenue. Under an agreement with the city, the developer can build to 55 stories, making the Domino Sugar redo one of the tallest on the Brooklyn waterfront.
  • Year Built 2018
  • residential units 2,300
  • total units 2,300
  • square feet 3,300,000
  • block and lot 3-02414-0025

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09/20/16
Two Trees Management secured a $135 million loan from M&T Bank to refinance its Dumbo office property at 20 Jay Street. Tags: 20 jay street,...

villain-llc.com
09/07/16
Cheskie Weisz’s CW Realty Management is in contract to buy a North Williamsburg development site for $45 million, with plans for a new 140,000-square-foot rental...

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07/07/16
New York’s Campaign Finance Board on Wednesday announced that mayor Bill de Blasio’s nonprofit, which collected millions in donations from developers, didn’t violate its rules. But the...

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06/14/16
...From the June issue: A contractor at the Domino Sugar site forklifted away a neighborhood resident's park, Dream Midtown and...

Chakrabarti and Selldorf
06/08/16
When Vishaan Chakrabarti opened his new architecture firm last year, he made clear the kind of work the office would be willing to do. He...

Renderings
05/27/16
...were revealed for Brookfield's enormous Manhattan West project, Two Trees' Domino Sugar redevelopment in Brooklyn and 515 West 36th Street, a residential tower...

ftScreen-Shot-2016-05-01-at-10.12
05/01/16
UPDATE: 10:30 a.m., May 2: That’s forked! Construction workers at a luxury condo project in Williamsburg are accused of lifting an SUV off the street...

Putzier small
04/28/16
A federal investigation into Bill de Blasio’s fundraising activities also shines a spotlight on the mayor’s many financial backers in the real estate industry. On Wednesday,...

high-line-construction-1feat
04/19/16
Updated: April 19, 11:46 a.m.: The city’s developers had an action-packed 2015, but it was their contractors who did the actual building. The Real Deal...

Crown Victoria
04/04/16
...litigation over a South Williamsburg development site next to the Domino Sugar Factory megaproject, Flank closed late last week on the purchase...

Kent Av.
03/28/16
...housing. It will sit just south of Two Trees Management's Domino Sugar factory conversion, where more than 2,000 new units will hit the...

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03/17/16
A political nonprofit supporting Mayor Bill de Blasio – which took $1.1 million from real estate players – has apparently become more trouble than it’s...

streetcar-bill-de-blasiofbox
03/04/16
...Jed Walentas of Two Trees Management, who is redeveloping the Domino Sugar site in Williamsburg. Walentas is helping to pay for a...

Rendering of 215-219 West 28th Street and Eran Polack of HAP Investments
02/29/16
...at 69-71 Grand Street in Williamsburg, two blocks from the Domino Sugar Factory redevelopment. The one and two-story buildings sit between Kent...

de-blasio-donors-large thumb
02/22/16
...reaching a rezoning deal with the administration to redevelop the Domino Sugar Factory in Williamsburg — Two Trees gave $100,000 to the Campaign for...

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02/09/16
Community Preservation Corporation, a major New York affordable housing lender, has whittled down its debt after almost drowning in $900 million of bad loans made...

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02/04/16
Mayor Bill de Blasio is throwing his support behind plans for a San Francisco-style streetcar line directly connecting Brooklyn and Queens, which would touch parts of the...

45 south 3rd
01/21/16
After his lawsuit over a botched South Williamsburg deal was dismissed, investor Shulem Herman is now setting his sights on the developer that allegedly attempted...

December DOB Chart.xlsx
01/08/16
The median price for a Manhattan apartment just hit $1.15 million for the first time, and a big drop in projects added to the city pipeline...

NYC-2016FB
12/07/15
When Oct. 21, 2015 finally rolled around earlier this year, few could resist comparing how accurately the movie “Back to the Future” envisioned the world of today...

Nancy Sher poses for a portrait in her apartment in the Two Trees apartment complex at 125 Court St., in Downtown Brooklyn, N.Y., on Thursday, November 12, 2015.

CREDIT:  Bryan Anselm for ProPublica
12/04/15
...always abides by the rules. The project, remaking the old Domino Sugar factory into a 2,300-unit apartment and office complex, would be...

Vishaan feature
11/16/15
Vishaan Chakrabarti’s new architecture firm is eyeing a Union Square office property as its home. The Partnership for Architecture and Urbanism is in talks to...

From left: Two Trees' Jed Walentas, Mayor Bill de Blasio and Stephen Nislick.
11/04/15
There’s a long history of real estate developers tapping into City Hall, but certain donations in the past year show that they may also have...

vishaan feature
10/21/15
...SHoP's rendering of the Domino Sugar Refinery development and Vishaan Chakrabarti Vishaan Chakrabarti is on to...

10/14/15
...assembled the Central Park Tower 4. Deal for Williamsburg site near Domino Sugar hits snag 5. Copperline raises $85M in Israeli bond deal...
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December DOB Chart.xlsx
01/08/16
The median price for a Manhattan apartment just hit $1.15 million for the first time, and a big drop in projects added to the city pipeline...

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Take a good look at the Brooklyn skyline, because what you see won’t be there for long. Fueled by a frothy economy and unrelenting demand,...

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They’ve brokered billions of dollars in deals, broken records, and launched companies. And they’ve all done it all in a cutthroat and unforgiving industry that’s...

038 Brooklyn's top developers se FINAL.indd
All the talk about a second wave of condo development in Brooklyn is finally coming to fruition. On the heels of a rental boom, the...

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After the 2008 financial crisis, rattled New Yorkers pulled back on home-buying and started writing rent checks in force, while developers leased out condo units...

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CIM founders (left to right): Richard Ressler, Shaul Kuba and Avi Shemesh The principals of the Los Angeles-based private equity firm the CIM Group know a...

Over the summer, New York City crossed the three-quarters mark on the way to Mayor Michael Bloomberg's goal of churning out 165,000 units of affordable...
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