Marty Markowitz approves plans for Domino Sugar project

New York /
Jan.January 03, 2014 10:09 AM

Former Brooklyn Borough President Marty Markowitz approved Two Trees Management’s plan for the Domino Sugar Factory redevelopment just before leaving office. Jed Walentas’ ultimate vision for the project consists of four buildings with over 500,000 square feet of office space, 70,000 square feet of retail along the East River and 2.3 million square feet of residential space. 

The development started the public review process in November, and now has to secure the approval of both the City Planning Commission and the City Council.

Markowitz gave the nod to the proposal, but asked for a few tweaks to the commercial space and affordable housing, according to Brownstoner.

Walentas said in a statement to Brownstoner that Two Trees was grateful for Markowitz’s support over the past year, and that the company looked “forward to working with new Borough President Eric Adams and Brooklyn leaders over the next few years to bring more affordable housing, local jobs, and much needed public open space to South Williamsburg.”

Markowitz said this week that he was proud of his role in bringing big developments to Brooklyn during his time in office, but expressed regret that he wasn’t able to bring a certain notable projects – namely a soccer stadium and a Coney Island casino – to the borough. [Brownstoner]Hiten Samtani


Related Articles

arrow_forward_ios
Invesco's Marty Flanagan and 550 West 54th Street (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Invesco, Douglas Elliman)
Invesco moves to boot penthouse tenant at Mercedes House
Invesco moves to boot penthouse tenant at Mercedes House
From left: Vorea Group’s Peter Papamichael, Turnbridge Equities’ Andrew Joblon and Chetrit Group’s Joseph Chetrit
Ranking New York’s most active developers
Ranking New York’s most active developers
Two Trees Management's Jed Walentas and 50 West 23rd Street (Walentas/via Marc Skrivo, Google Maps, iStock)
Trustpilot takes 34k sf at Two Trees’ Midtown South building
Trustpilot takes 34k sf at Two Trees’ Midtown South building
Jed Walentas and renderings of the proposed project (River Ring, Getty)
Council strikes deal on Two Trees’ River Ring in Williamsburg
Council strikes deal on Two Trees’ River Ring in Williamsburg
A rendering of River Ring with Two Trees CEO Jed Walentas (BIG, Getty)
CB1 approves Two Trees’ River Ring, keeping project on pace
CB1 approves Two Trees’ River Ring, keeping project on pace
A rendering of River Ring and Two Trees' Development Principal Jed Walentas (River Ring, Marc Skrivo)
Two Trees’ massive project eyes “mad dash” to approval
Two Trees’ massive project eyes “mad dash” to approval
WATCH: Here’s what Two Trees has planned for its Williamsburg “River Ring” site
WATCH: Here’s what Two Trees has planned for its Williamsburg “River Ring” site
WATCH: Here’s what Two Trees has planned for its Williamsburg “River Ring” site
Two Trees CEO Jed Walentas and renderings of the controversial project. (Getty, James Corner Field Operations / Bjarke Ingels Group)
Two Trees says it will sell Williamsburg site if rezoning isn’t approved
Two Trees says it will sell Williamsburg site if rezoning isn’t approved
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...