There is very exciting news for The Two Trees organization and interesting news for real estate companies and real estate agents in Brooklyn. The City Council has finally approved the makeover of The Domino Sugar Factory property, Walentas $1.5B Williamsburg Domino Project.
Two Trees Development bought the prime waterfront property in 2012 from the Community Preservation Corporation.
An 11 acre, 2.95M square foot Kent Avenue development is planned which will include 4 towers 50 stories high, with 2,282 units of residential housing, commercial office space, 5 acres of public parks and a lot of jobs.
SHoP Architects have been the architect tapped for the very important and prestigious job of designing this project. They are known for designing buildings with a cutting edge look.
Recent negotiations between the Di Blasio administration and Two Trees could have derailed this project. Two Trees agreed to an additional 110,000 square feet of affordable housing to be a part of the project, to bring the total square footage devoted for affordable housing to 537,000 square feet.
For more information on the latest going on in Williamsburg real estate call Jeff and Anna at 718-375-2065.
If you are planning to sell your Brooklyn property whether residential property, commercial, mixed use, multi family, vacant land, development opportunity, co op or condominium apartment, call Jeff and Anna. You will be very happy that you did.