Jed Walentas

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

Jed Walentas has, since joining 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 once the city rezoned it from industrial to mostly residential and retail use in the late 1990s.)

Some of the projects that 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.

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: 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.

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...
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