Two Trees Management has spent the last 10 years planning, rezoning, demolishing, and employing craftsmen level construction on the 300 Kent Avenue, mega project and crown jewel of Domino Park, the 15 story, 460,000 square foot Domino Sugar Refinery in Brooklyn, New York.
Back in 2012, when Two Trees purchased the proposed condo project for $185M, they decided to switch from a residential plan to Class A office space. Despite the challenges the NYC office market is facing with employees working a hybrid schedule of at home and in office, Two Trees feels confident. According to David Lombino, Two Trees spokesperson, “The presence of workers here 24/7 changes the character of the immediate neighborhood and makes it more lively. It allows us to attract different and better retail, not just dry cleaners, or drug stores, that in turn helps residential”.
According to Tucker Reed, Principal of the development firm Totem and former President of the Downtown Brooklyn Partnership “Usually tenants seeking quality office space of a few hundred thousand square feet or more are almost by necessity drawn to Manhattan”. “Other pockets of Downtown Brooklyn like Metro Tech or Industry City in Sunset Park or the Brooklyn Army Terminal, Brooklyn does not have many large footprints to offer large scale commercial tenants.”
The Refinery Building has a 150 year old exterior and is an entirely new building inside, designed by the Practice for Architecture and Urbanism. This spectacular building has a triple height atrium lobby, swaths of rich foliage and a rooftop glass dome with an unobstructed skyline view of Manhattan and in the rear an amazing view of Brooklyn.
The developer is planning for an open access event space that can be used by future tenants. Also planned are exceptional amenities and acclaimed ground floor retailers, as yet to be announced.
The Refinery offers a rare opportunity to have both a new office product with the historic character that may draw people to the Brooklyn waterfront.
Two Trees has a track record of catering to creative class companies in Dumbo with flexible lease terms and cultivating an entrepreneurial culture in their buildings.
Tucker Reed commented “If anyone can lease up the Refinery, it's Jed Walentas and the team at Two Trees”.
To be continued...
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