In the fall of 2012, Two Trees Management acquired the Domino Sugar Site on the Williamsburg waterfront. While the site’s existing zoning allows for dense residential development according to a plan developed by the site’s previous owner, Two Trees has chosen to submit a new proposal for public review to provide an improved alternative that will create a vibrant, mixed-use community on the long-dormant site.
Two Trees’ $1 billion proposal will reconnect South Williamsburg to its waterfront with a new esplanade and acres of new parkland; reactivate the historic Domino Sugar factory to house between 3,000 and 4,000 permanent jobs, tripling existing Williamsburg commercial space and supporting the growth of the neighborhood’s tech and creative industries; bring world-class design to the creative neighborhood; and deliver hundreds of units of affordable housing, a public school and a recreational facility.
In September 2013, Two Trees began selected demolition of various buildings at the site to prepare it for development.
See Two Trees’ full Web site at: http://twotreesny.com/