{{notability|1=Companies|date=May 2026}} {{Short description|Canadian real estate investment trust}} {{Infobox company | name = Two Trees Management | logo = | type = | traded_as = | industry = Real Estate | founded = 1968 | founder = David Walentas | key_people = Jed Walentas (CEO) | hq_location = New York City, New York, USA }} '''Two Trees Management''' is a privately held real estate development and management company based in New York City. The company was founded in 1968 by American billionaire and real estate developer David Walentas.<ref>{{cite web |last1=Sherman |first1=Gabriel |date=June 13, 2014 |title=The Flying Walentases |url=https://nymag.com/news/features/walentas-two-trees-management-company-2014-6/ |website=New York Magazine}}</ref>
==Company History== Two Trees Management was established in the late 20th century by David Walentas, who began acquiring industrial properties in Dumbo, Brooklyn. By the early 2010s, leadership had transitioned to Jed Walentas, who serves as chief executive officer.<ref>{{cite web |last1=Greenwood |first1=Marcia |date=October 14, 2014 |title=David Walentas: From nowhere to billionaire |url=https://www.democratandchronicle.com/story/money/business/2014/10/14/david-walentas-dumbo-brooklyn/17252915/?gnt-cfr=1&gca-cat=p&gca-uir=false&gca-epti=z1102xxe1102xxv000020&gca-ft=153&gca-ds=sophi |website=Democrat and Chronicle}}</ref>
In 2012, Two Trees reached an agreement to acquire the abandoned Domino Sugar Refinery site in Williamsburg for approximately $185 million, following negotiations with stakeholders and the city. Throughout the 2010s, the site was redeveloped, incorporating residential towers, office space, public waterfront access, and the preservation of the refinery structure itself.<ref>{{cite web |last1=King |first1=Kate |date=November 4, 2024 |title=An Old NYC Sugar Factory Is Now a Swanky Office. It's Still Waiting on Tenants. |url=https://www.wsj.com/real-estate/commercial/an-old-nyc-sugar-factory-is-now-a-swanky-office-its-still-waiting-on-tenants-5d3424af?gaa_at=eafs&gaa_n=AWEtsqcjUOJK9JYimcy8_Ht7rBRvURrGdck1Yr2ucrJ5ftctm-sxvvQQV_9Fc6vsaOs%3D&gaa_ts=69c9f798&gaa_sig=t6ApNkJJwlXHq1EJhYh3gk2mKohrnVrHOmOdS2L9sgouvnE5KE9Ba1V_uXnDK-v17scWsDCaAUw_GpnnIMVlNQ%3D%3D |website=The Wall Street Journal}}</ref>
In 2014, the New York City Planning Commission approved a revised $1.5 billion redevelopment plan for the Domino site. Demolition of non-landmarked refinery structures began the same year, followed by phased construction of residential and mixed-use buildings. The first building opened in 2017. Domino Park opened in 2018 and continued development into the 2020s, including the launch of One Domino Square in 2024.<ref>{{cite web |last=Hu |first=Winnie |date=May 11, 2026 |title=Need to Hire an Architect or Designer? Try Dumbo. |url=https://www.nytimes.com/2026/05/11/nyregion/need-to-hire-an-architect-or-designer-try-dumbo.html |website=The New York Times}}</ref><ref>{{cite web |last=Chaban |first=Matt |date=March 5, 2014 |title="Domino Sugar Plan Moves Ahead" |url=https://www.nydailynews.com/life-style/real-estate/domino-sugar-plan-moves-article-1.1711684 |website=New York Daily News}}</ref>
Two Trees also manages a portfolio that includes commercial leasing and mixed-use developments in Williamsburg, Dumbo, and the Flatiron District.<ref>{{cite web |last=Mooney |first=Jake |date=May 13, 2012 |title=Condo or Rental, It's New in Dumbo |url=https://www.nytimes.com/2012/05/13/realestate/condo-or-rental-its-new-in-dumbo.html |website=The New York Times}}</ref> 45 Main Street, 55 Washington Street, and 20 Jay Street, located in Dumbo, house 79 design, architecture and real estate firms.<ref>{{cite web |title=Need to Hire an Architect or Designer? Try Dumbo. |url=https://www.nytimes.com/2026/05/11/nyregion/need-to-hire-an-architect-or-designer-try-dumbo.html |website=New York Times}}</ref>
==Properties== *Domino Sugar Refinery - mixed-use development and former sugar refinery in the neighborhood of Williamsburg, Brooklyn.<ref>{{cite web |last1=Furfaro |first1=Danielle |date=October 16, 2012 |title=It's official: Two Trees is now developing the Domino Sugar factory |url=https://www.brooklynpaper.com/its-official-two-trees-is-now-developing-the-domino-sugar-factory/ |website=Brooklyn Paper |access-date=13 May 2026}}</ref>
*One South First - residential building in the neighborhood of Williamsburg, Brooklyn.<ref>{{cite web |last1=Schiavo |first1=Amanda |date=January 30, 2025 |title=The Plan: Two Trees Management Has High Hopes for The Refinery's 12th Floor |url=https://commercialobserver.com/2025/01/the-plan-two-trees-domino-sugar-refinery/ |website=Commercial Observer}}</ref>
*One Domino Square – residential development on the Williamsburg waterfront.<ref>{{cite web |last=Cohen |first=Michelle |date=February 11, 2026 |title=One Domino Square penthouse set to break another area sales record at $7M |url=https://www.6sqft.com/one-domino-square-penthouse-set-to-break-another-area-sales-record-at-7m/ |website=6sqft}}</ref>
*DUMBO – residential, commercial, and retail properties developed and managed across the DUMBO neighborhood of Brooklyn.<ref>{{cite web |date=February 10, 2026 |title=Two Trees Management Co. close on largest lease in DUMBO in 2025 |url=https://nyrej.com/two-trees-management-co-close-on-largest-lease-in-dumbo-in-2025 |website=New York Real Estate Journal}}</ref>
*Domino Park - public park along the East River.
== References == {{Reflist}}
Category:Real estate companies of the United States Category:1968 establishments in New York City