Monday, December 22, 2014

Domino Sugar Project to Begin Construction in Early 2015

Demolition is almost complete at the 11 acre Domino Sugar site, which is being transformed into a mixed-use residential, office, and retail complex by Two Trees, the company that has developed much of DUMBO. Construction of the first building, on a vacant lot bordered by Kent and Wythe avenues and South 3rd and 4th streets, will break ground in the first quarter of 2015. The first building to open will have 500 rental units, including 100 affordable units, and is expected to be completed for move-in by spring 2017. 
     
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The developer has announced plans for the smallest of the three waterfront towers it plans to construct, which will be located at ‘Site A’ on the northernmost parcel of the campus.

The 30-story building at 262 Kent Avenue will be a mixed-use tower rising 320 feet and holding 281,869 square feet, split equally between commercial and residential space.

The building will host about 142,000 square feet of office space on the second through 17th floors in the structure’s north wing -- the most office space within the new towers. 

The remainder of the space will be spread out among 93 residential units beginning on the fourth floor of the building’s south wing.  Rental apartments will be relatively large, averaging about 1,500 square feet. The tower will also house commercial and retail space on the ground level.

Office space is a key component of Jed Walentas’ vision for the mega-development. Earlier this year, he asked the city for a rezoning of the property, allowing for an additional 382,000 square feet.

The majority of the project’s office space will be housed in the renovated refinery building. Two other buildings planned for the site, while larger, will be more residential-oriented.

The project’s southernmost building will be constructed on Site D, located at 320 Kent Avenue. That tower will climb 36 stories and house 470,106 square feet of space, more than 90% of which will be residential apartments. The building will have 41,801 square feet of commercial space.

The first structure to break ground will be at Site E, between South 3rd and 4th Streets, and will be the only tower not located on the waterfront.

The bulky 35-story building at 2 Grand Street will contain approximately 785,888 square feet, housing 658 residential units (half of which will be reserved for below-market rentals),  with a public school below.
 
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Plans for the tower which will rise on Site B, located between the factory and 262 Kent Avenue, are expected to be announced early next year.


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