A new waterfront park and two mixed-use towers will soon come to the Williamsburg waterfront, north of the Domino Sugar Factory redevelopment site.Developers Two Trees Management—also behind the Domino megaproject—unveiled a proposal to build two mixed-use towers, up to 650-feet-tall, and a six-acre park with access to the East River. The waterfront development will stretch from Grand to North 3rd street on River Street.
“We put a world-class team here together ... and really challenged ourselves to build another park with the impact and significance and social benefits as Domino Park,” said Jed Walentas, principal of Two Trees Management, at a project presentation.
The new towers will have 1,000 residential units, 250 of which will be below-market rate. They will also include a 47,000-square-foot YMCA, 30,000 square feet of retail space, and 57,000 square feet of office space.
Perhaps one of the most noteworthy aspects of the project is its public waterfront park, which will have a circular esplanade extending into the East River, a sandy beach, tidal pools, a fishing pier, salt marsh, a boating cove on North 1st Street, and an amphitheater.
There will also be community kiosks with 5,000 square feet worth of space available to community partners, kayak rental, among other things.
Built on the former Con Edison North First Street terminal site, the developers will seek a rezoning to get approved in the next two years, and that construction should take around five years. Two Trees recently bought the 3.5-acre site for $150 million.