The $1.5 billion redevelopment of Brooklyn’s Domino Sugar Factory has reached a potential breaking point just days before a vote to seal its fate. It’s New York Mayor Bill de Blasio against developer Jed Walentas in what can best be described as an old-fashioned standoff. The lines are drawn—here’s where things stand.
Developer Jed Walentas of Two Trees Management Co. stood up in front of a packed house at a community forum in Williamsburg last night to discuss his ambitious new redevelopment plans for the Domino Sugar Factory Refinery. Citing his family’s history in DUMBO, Walentas told the beer-sipping, tattooed crowd that his intention is to “build an extension of the neighborhood” that is “socially contextual.” The new plan incorporates significantly more commercial and office space, which Walentas says won’t financially benefit Two Trees, but speaks to his company’s philosophy and intent to draw from and embrace the historic and cultural fabric of Williamsburg.