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Jed Walentas

Principal
Two Trees Management
45 Main Street, Suite 602
New York, NY 11201
718.222.2500

Jed Walentas has, since joining it in 1997, gradually come to run the daily operations of Two Trees Management, the development firm his father launched in the 1970s.

More than that, the younger Walentas has expanded the firms footprint well beyond its Dumbo, Brooklyn roots. (Two Trees basically invented the neighborhood whole-cloth once the city in the late 1990s O.K.d a rezoning of it from industrial to mostly residential and retail use.)

Some of the projects that Jed Walentas has overseen include the Wythe Hotel in Williamsburg, Brooklyn, the 110 Livingston condo conversion in downtown Brooklyn and the Mercedes House luxury apartment complex on Manhattans West Side. He also played a leading role in the conversion of the Domino Sugar refinery on the Williamsburg waterfront into approximately 2,200 apartments.

Jed Walentas got his start in real estate with the Trump Organization, following his graduation from the University of Pennsylvania. It was after that rezoning of Dumbo that he jumped to Two Trees.

45 Main Street
The 475,000-square-foot office building at 45 Main Street in Brooklyn is one of the signature properties of the Dumbo neighborhood. Developer and landlord Two Trees Management created the enclave down under the Manhattan Bridge overpass pretty much from scratch.

Forty-five Main Street reflects the companys ethos for the neighborhood: Its been fixed up and modernized, and squarely aimed toward up-and-coming companies, especially tech firms (think ample bike storage and the latest in Internet infrastructure). Digital agency Huge rents 80,000 square feet in the building, where asking rents average $42 a square foot.

Also in keeping with the traditions of Dumbo, tenants can take advantage of certain government-sponsored relocation benefits to reduce their rents by as much as $15 a square foot.

Two Trees Management, Founder and Principal
45 Main Street, #602, Brooklyn, NY, (718)-222-2500
David Walentas is the co-founder, with the late Jeff Byers, of Two Trees...
  • Event Office Leasing
  • Address 300 Ashland Place
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Square feet 43,000
notes
The high-end, organic grocery retail chain signed its first 365 lease in the tri-state area.
  • Event Retail Leasing
  • Address 164 Atlantic Avenue
  • Neighborhood Cobble Hill
  • Borough Brooklyn
  • Square feet 9,244
notes
The national clothing retailer signed a lease for 4,600 square feet of ground-floor space and 4,644 square feet of cellar space.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 7,042
notes
The nonprofit signed a lease for studio space.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 7,042
notes
The nonprofit consortium of 36 art schools took space for an art studio for students.

03/29/2018
From left: 325 Kent Avenue, Jed Walentas, Joseph Chetrit and 9 DeKalb Avenue (Credit: COOKFOX, Michael McWeeney and SHoP Architects) Trendy Brooklyn neighborhoods like Dumbo From left: 325 Kent Avenue, Jed Walentas, Joseph Chetrit and 9 DeKalb Avenue (Credit: COOKFOX, Michael McWeeney and SHoP Architects) Trendy Brooklyn neighborhoods like Dumbo...

09/01/2017
Jed Walentas â€' who heads up Two Trees, which was founded by his dad, David â€' acknowledged the limits of his company’s structure...

09/01/2015
Meanwhile, David and Jed Walentas’ Two Trees Management, the developers behind the $1.5 billion redevelopment of the old Domino Sugar refinery in Williamsburg, clocked in at No...

08/01/2014
Led by father-and-son duo David and Jed Walentas, Two Trees currently has five buildings and 1,741 total units under development, according to TRD’s research...