Jed Walentas | The Real Deal New York

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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 firm’s 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 Manhattan’s 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 company’s ethos for the neighborhood: It’s 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.


09/19/17
...at 292-314 Kent Avenue. Last year, Two Trees' Jed Walentas indicated that he was looking for "creative" tenants to take the space. In an...

09/13/17
...Two Trees Management's Jed Walentas and 55 Washington Street in Dumbo (Credit: Michael McWeeney and Two Trees) Two Trees Management...

09/13/17
...Justin Elghanayan; Jared Kushner and Nicole Kushner Meyer; Jed Walentas From the September issue: New York City has a long, storied tradition of families...

09/12/17
...From left: Michael Stern, Jed Walentas and Steve Ross In 1898, Julius Tishman built a six-story tenement building, ultimately sparking the...

...Justin Elghanayan; Jared Kushner and Nicole Kushner Meyer; Jed Walentas New York City has a long, storied tradition of families shaping its skyline. Family-run...

08/08/17
...From top: 465 Pacific Street, 172 Montrose and Jed Walentas (Credit: Google Maps and Michael McWeeney) In the world of mid-market New York City...

...struggle to break even. But real estate scion Jed Walentas, who heads Two Trees Management, seems to have picked a clear winner. Walentas recently...

...a citywide view in mind. Two Trees CEO Jed Walentas said he’d been “admiring” SHoP’s work for several years before hiring the...

05/30/17
...Rendering of 325 Kent Avenue and Jed Walentas (Credit: SHoP Architects and Michael McWeeney) Two Trees Management received nearly 840 applications for every...

05/26/17
...and 500,000 square feet of commercial space. Two Trees' Jed Walentas recently sat down with The Real Deal for the Closing.  -- Miriam Hall...

05/17/17
...Jed Walentas and a rendering of the BQX streetcar (Credit: Michael McWeeney and Friends of the...

05/17/17
...From the May issue: Jed Walentas is a principal of Two Trees Management, the company founded by his father, David...

05/01/17
...Finally in our Closing interview, Two Trees Management's Jed Walentas talks about missing out on the Jehovah's Witnesses properties, adopting his daughter from Haiti...

...Jed Walentas (Photo by Michael McWeeney) Jed Walentas is a principal of Two Trees Management , the company founded by his father, David...

04/14/17
...Douglas Durst When Two Trees Management chief Jed Walentas began leasing up 300 Ashland amid a slumping rental market, he eschewed the now-common reel-'em-in-with-huge-concessions...

03/17/17
...Mar 13, 2017 at 7:10pm PDT Two Trees, headed by Jed Walentas , confirmed to the Cut that Gevinson is living in the building full time and...

03/06/17
...firms and software or tech firms,” Two Trees’ Jed Walentas told the Journal. “Dumbo was never going to be a financial services back office...

02/01/17
...Jed Walentas and 125 Court Street A new lawsuit accuses Two Trees Management of cheating stabilized tenants...

01/20/17
...Place with Whole Foods Market in mind, principal Jed Walentas told the Journal. The tower has 50,000 square feet of space that will house four...

01/18/17
...York collected large donations from Two Trees Management's Jed Walentas. During this most recent filing, however, the mayor listed no intermediaries. De Blasio's individual...

01/02/17
...raise the values of adjacent properties by 3.5 percent. Jed Walentas’ Two Trees is developing the Domino Sugar mixed-use complex on the Williamsburg waterfront along...

12/31/16
...From left to right: Justin Elghanayan, Jed Walentas, Andrew Sciame, Samantha Rudin, Raphael De Niro and Benjamin Levine Signs of improvement appeared...

12/16/16
...of an investigation. Prominent real estate donors included Jed Walentas of Two Trees Management and David von Sprecklesen of Toll Brothers City Living.   --...

11/02/16
...-- which counts Doug Steiner, Jordan Barowitz and Jed Walentas among its members -- to split some of the costs.   — Kathryn Brenzel...

10/28/16
...Two Trees) Ping pong tables and kegs? So 2013! Jed Walentas of Two Trees Management is wooing prospective tenants for the revamped Domino Sugar Refinery...
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.
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