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    Domino Sugar

    314 Kent Avenue
    Brooklyn, NY 11249
    Residential, New Construction

    When it opened in 1882, the Domino Sugar refinery on the Williamsburg, Brooklyn, waterfront at 314 Kent Avenue was the worlds largest sugar refinery. Refining ceased at the site in 2004, and, within a few years, plans were afoot for redeveloping the 11-acre site between South 2nd and South 5th streets and Kent Avenue and the East River, into one of the biggest residential complexes in recent New York City history.

    After original developers CPC Resources and Isaac Katan abandoned their 2,200-apartment plans in 2012 due to financial trouble, Two Trees Management stepped in. The developer opted for apartments as well. After wrangling with the city over the number of affordable-housing units to include (Two Trees bumped the share to 700, 260 more than what the earlier developers offered), the de Blasio administration signed off on their plans in March 2014.

    Two Trees $1.5 billion plans as of spring 2014 call for 2,300 apartments total, with office space geared toward technology companies and retail space as well. The purchase included 314 Kent Avenue, 320 Kent Avenue and 325 Kent Avenue. Under an agreement with the city, the developer can build to 55 stories, making the Domino Sugar redo one of the tallest on the Brooklyn waterfront.

    • Year Built 2018
    • residential units 2,300
    • total units 2,300
    • square feet 3,300,000
    • block and lot 3-02414-0025
    • Event Sales
    • Address Domino Sugar refinery
    • Neighborhood Williamsburg
    • Borough Brooklyn
    • Publication Date 08/01/2004
    • Event Date 06/17/2004
    • Party 1 American Sugar Refining
    • Party 2 C.P.C. Resources and Isaac Katan
    Refinery sold for undisclosed price to multifamily residential developers

    However, the firm is now focusing more on Williamsburg, where it is developing the $3 billion Domino Sugar refinery site on Kent Avenue along the waterfront...

    Some of the larger Brooklyn projects from the third quarter include Douglaston Development’s 40-story, 554-unit rental tower at 2 North 6th Street on the Williamsburg waterfront, and Two Trees Management’s 522-unit project at 325 Kent Avenue, the first development in Williamsburg’s Domino Sugar site...

    At Two Trees, David Walentas remade Dumbo, transforming it from a world of old warehouses to one of Brooklyn’s priciest residential neighborhood today. But the younger Walentas has shifted gears and has embarked on the massive redevelopment of the 11-acre Domino Sugar refinery in Williamsburg on the Brooklyn waterfront...

    (Click to enlarge) When Brooklyn’s most heralded startup, the online marketplace Etsy, inked a 200,000-square-foot lease at Dumbo Heights in July 2014, many saw it (Click to enlarge) When Brooklyn’s most heralded startup, the online marketplace Etsy, inked a 200,000-square-foot lease at Dumbo Heights in July 2014, many saw it...

    The most active month for residential filings in 2015 was March, when 3,674 qualifying units were submitted. Compare that to September of 2014, a jam-packed month that saw over 9,000 proposed units, a figure bolstered by Two Trees’ Domino Sugar building at 325 Kent Avenue in Williamsburg (522 units), Red Apple Group’s 86 Fleet Place in Downtown Brooklyn (440 units), and Clipper Equities’ and Chetrit Group’s 77, 85 and 87 Commercial Street in Greenpoint (720 units)...

    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...

    Cotton’s trump card is her government experience. She got her start fresh out of college working for Andrew Cuomo’s establishment-defying campaign for governor in 2002, and cut her teeth on his race for attorney general in 2006. After working for him in Albany she spent three years in the Bloomberg administration on Deputy Mayor for Economic Development Bob Steel’s team. In that role she shepherded projects like the NYU expansion and the first Domino Sugar Factory redevelopment plans through the city’s approval process...

    The most active developer in the borough, according to TRD’s ranking, is Two Trees Management, which is spearheading the massive redevelopment of the Domino Sugar factory in Williamsburg...

    According to TRD’s research, the 351-unit 101 Bedford in Williamsburg has the most units of any rental project to launch in the past year. By contrast, the Domino Sugar redevelopment, developed by David Walentas’ Two Trees, which is expected to break ground next year, is slated to have a stunning 2,284 rentals (although 660 of them will be set aside as affordable)...

    That collaboration may just be the start of another fruitful partnership. Sources say CIM has agreed to provide financial backing to Madison on a number of other potential deals, including a project at the old Domino Sugar site in Brooklyn...

    Eric Enderlin, assistant commissioner for preservation finance at HPD, said the mayor's plan is on track, and there are no plans to reduce the overall pipeline of affordable housing projects. That pipeline includes thousands of units at Gotham West in Midtown, Hunters Point South in Long Island City, CAMBA Gardens in Flatbush, the Domino Sugar Factory in Williamsburg, West Farms Road in the Bronx, and many more...