A decade on, first resi building to open at Domino Sugar in July

Two Trees is plowing ahead with $3B master plan

New York /
Apr.April 27, 2017 08:55 AM

The first building in Two Trees Management’s long-delayed Domino Sugar megaproject is scheduled to open this summer.

According to the Wall Street Journal, the 16-story, copper-and-zinc clad rental building at 325 Kent Avenue will open to residents in July.

The building, which holds 522 rental units, including 104 affordable apartments, is part of the $3 billion project that’s a decade in the making. When complete, the mixed-use five-building campus would include about 2,800 apartments and about 500,000 square feet of commercial space.

In addition to the building at 325 Kent, a second, mixed-use building, loosely designed based on the structure of sugar crystals, will rise 42 stories with concrete panels framing the windows. It will have a rectangular donut-hole cutout in the center.

Meanwhile, another tower at 260 Kent will be a mixed-use building. The residential tower (shaped like an upside “L”) will have 330 rentals, 20 percent of which will be designated affordable. It will be connected to a 22-story building with 150,000 square feet of office and 13,000 square feet of retail space. The two parts of the building will be connected via a fourth-floor landscaped deck as well as shared amenities including lounges and a fitness center.

Two Trees TRData LogoTINY is also planning two additional towers on the waterfront site, which could rise up to 55 stories. The main refinery building is being gutted and repurposed into office space that’s ideal for a single tenant. Three stories are being added to the top of the building, where the 40-foot Domino Sugar sign will be reinstalled. [WSJ]E.B. Solomont

(To view more Two Trees Management developments, click here)


Related Articles

arrow_forward_ios
Porch CEO Matt Ehrlichman (iStock)

Porch snaps up four startups for over $122M

Porch snaps up four startups for over $122M
Nir Meir Asks Court to Stop Eviction (Google Maps)

Nir Meir seeks to throw out Hamptons ejection suit

Nir Meir seeks to throw out Hamptons ejection suit
Robert Frank with 1021 Park Avenue and Ben Lambert with 28 Laight Street (Getty, Google Maps)

Who’s buying and selling Manhattan homes? Last month’s notable deals

Who’s buying and selling Manhattan homes? Last month’s notable deals
TF Cornerstone President Frederick Elghanayan with 2-10 54th Avenue and 55-01 Second Street in Long Island City (Google Maps)

The 10 biggest new project filings in NYC

The 10 biggest new project filings in NYC
Neil Shekhter (Shekhter by Kevin Scanlon; iStock)

Santa Monica mega-portfolio officially hits market

Santa Monica mega-portfolio officially hits market
A rendering of 250 Water Street and Howard Hughes Corporation CEO David O'Reilly (SOM; Getty; iStock)

Howard Hughes’ Seaport project dealt major blow

Howard Hughes’ Seaport project dealt major blow
Ray McGuire photographed by Axel Dupeux.

The Closing: Ray McGuire

The Closing: Ray McGuire
New Yorkers signed leases in record numbers last month. (Getty)

Manhattan, Brooklyn rental leasing hit 12-year high in December

Manhattan, Brooklyn rental leasing hit 12-year high in December
arrow_forward_ios

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

Loading...