{"id":1004683408,"date":"2023-09-29T03:09:13","date_gmt":"2023-09-29T11:09:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004683408"},"modified":"2023-09-29T07:23:27","modified_gmt":"2023-09-29T15:23:27","slug":"two-trees-opens-iconic-brooklyn-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/two-trees-opens-iconic-brooklyn-office-building\/","title":{"rendered":"Office Project Sweetens Brooklyn Waterfront"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"4145\" height=\"1636\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004683410\" data-id=\"1004683410\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/01_Front-of-Domino-Sugar-Factory-11-acre-site-in-Williamsburg-photo-by-Max-Touhey-1.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/01_Front-of-Domino-Sugar-Factory-11-acre-site-in-Williamsburg-photo-by-Max-Touhey-1.jpg 4145w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/01_Front-of-Domino-Sugar-Factory-11-acre-site-in-Williamsburg-photo-by-Max-Touhey-1.jpg?resize=300,118 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/01_Front-of-Domino-Sugar-Factory-11-acre-site-in-Williamsburg-photo-by-Max-Touhey-1.jpg?resize=768,303 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/01_Front-of-Domino-Sugar-Factory-11-acre-site-in-Williamsburg-photo-by-Max-Touhey-1.jpg?resize=1024,404 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/01_Front-of-Domino-Sugar-Factory-11-acre-site-in-Williamsburg-photo-by-Max-Touhey-1.jpg?resize=1536,606 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/01_Front-of-Domino-Sugar-Factory-11-acre-site-in-Williamsburg-photo-by-Max-Touhey-1.jpg?resize=2048,808 2048w\" sizes=\"(max-width: 4145px) 100vw, 4145px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Front view of the Domino Sugar Refinery. All images by Max Touhey, courtesy of Two Trees Management<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"5197\" height=\"3465\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004683411\" data-id=\"1004683411\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/07_Southside-profile-of-The-Refinery-at-Domino-photo-by-Max-Touhey.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/07_Southside-profile-of-The-Refinery-at-Domino-photo-by-Max-Touhey.jpg 5197w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/07_Southside-profile-of-The-Refinery-at-Domino-photo-by-Max-Touhey.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/07_Southside-profile-of-The-Refinery-at-Domino-photo-by-Max-Touhey.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/07_Southside-profile-of-The-Refinery-at-Domino-photo-by-Max-Touhey.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/07_Southside-profile-of-The-Refinery-at-Domino-photo-by-Max-Touhey.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/07_Southside-profile-of-The-Refinery-at-Domino-photo-by-Max-Touhey.jpg?resize=2048,1365 2048w\" sizes=\"(max-width: 5197px) 100vw, 5197px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Southside profile of the Refinery<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1030\" height=\"772\" alt=\"Domino Sugar. Image courtesy of Max Touhey\" class=\"wp-block-jetpack-slideshow_image wp-image-1004683439\" data-id=\"1004683439\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/08_Havemeyers-chimney-photo-by-Max-Touhey-e1695974507429.jpg?w=1024\"\/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Domino Sugar logo<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"6870\" height=\"4582\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004683412\" data-id=\"1004683412\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/11_Refinery-Penthouse-photo-by-Max-Touhey.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/11_Refinery-Penthouse-photo-by-Max-Touhey.jpg 6870w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/11_Refinery-Penthouse-photo-by-Max-Touhey.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/11_Refinery-Penthouse-photo-by-Max-Touhey.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/11_Refinery-Penthouse-photo-by-Max-Touhey.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/11_Refinery-Penthouse-photo-by-Max-Touhey.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/11_Refinery-Penthouse-photo-by-Max-Touhey.jpg?resize=2048,1366 2048w\" sizes=\"(max-width: 6870px) 100vw, 6870px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Refinery penthouse<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"7957\" height=\"5307\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004683413\" data-id=\"1004683413\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/12_Plantings-between-The-Refinery_s-new-and-old-facades-photo-by-Max-Touhey.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/12_Plantings-between-The-Refinery_s-new-and-old-facades-photo-by-Max-Touhey.jpg 7957w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/12_Plantings-between-The-Refinery_s-new-and-old-facades-photo-by-Max-Touhey.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/12_Plantings-between-The-Refinery_s-new-and-old-facades-photo-by-Max-Touhey.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/12_Plantings-between-The-Refinery_s-new-and-old-facades-photo-by-Max-Touhey.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/12_Plantings-between-The-Refinery_s-new-and-old-facades-photo-by-Max-Touhey.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/12_Plantings-between-The-Refinery_s-new-and-old-facades-photo-by-Max-Touhey.jpg?resize=2048,1366 2048w\" sizes=\"(max-width: 7957px) 100vw, 7957px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Plantings between the old and new buildings<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"8029\" height=\"5355\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004683414\" data-id=\"1004683414\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/18_Corner-of-office-photo-by-Max-Touhey.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/18_Corner-of-office-photo-by-Max-Touhey.jpg 8029w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/18_Corner-of-office-photo-by-Max-Touhey.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/18_Corner-of-office-photo-by-Max-Touhey.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/18_Corner-of-office-photo-by-Max-Touhey.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/18_Corner-of-office-photo-by-Max-Touhey.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/18_Corner-of-office-photo-by-Max-Touhey.jpg?resize=2048,1366 2048w\" sizes=\"(max-width: 8029px) 100vw, 8029px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Corner of office space<\/figcaption><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p><strong>Two Trees Management<\/strong> has opened The Refinery at Domino, a 15-story building within the reimagined 11-acre Domino Sugar Factory in <a href=\"https:\/\/www.commercialsearch.com\/news\/reviving-the-brooklyn-waterfront\/\">Brooklyn<\/a>\u2019s Williamsburg neighborhood. The historic waterfront property underwent an adaptive-reuse process and now encompasses 460,000 square feet of office space.<\/p>\n<p>The Class A building features 33,000-square-foot column-free floorplates, a 27,000-square-foot glass dome penthouse with communal workspaces, as well as a private club and event space. The property includes loading docks, a freight elevator and delivery entrance, five passenger elevators, a service elevator and two dedicated express elevators to the 15th floor. Refinery at Domino also features conference rooms, a bicycle lobby, a 40,000-square-foot retail fitness center, an indoor swimming pool and an indoor vertical garden.<\/p>\n<p>The building is part of a larger mixed-use community that is being developed by Two Trees, which includes 325 Kent, a 16-story building with 500 apartments; One South First, a 330-unit residential tower; and One Domino Square, which is set to encompass 700,000 square feet of mixed-use space distributed in two towers. The complex also includes Ten Grand, a commercial building which opened in 2020 and is fully leased. The residential and commercial components of the project are complemented by two public green spaces, Domino Park and Domino Square.<\/p>\n<hr \/>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/how-will-office-space-values-fare-in-2030\/\">How Will Office Space Values Fare in 2030?<\/a><\/p>\n<hr \/>\n<p>At full buildout, Two Trees will have developed a total of 2,800 units, of which 700 will be affordable, 600,000 square feet of office space and 200,000 square feet of retail. According to <em>Bloomberg<\/em>, the renovation of the sugar factory alone was valued at $150 million, with Two Trees investing a total of $2.5 billion in the redevelopment process of the entire project, which is slated for completion in 2027.<\/p>\n<p>A similar adaptive-reuse project is taking place in Manhattan\u2019s West Chelsea neighborhood. L&amp;L Holding Co., in partnership with Columbia Property Trust, is redeveloping <a href=\"https:\/\/www.commercialsearch.com\/news\/ll-holding-jv-tops-out-manhattan-adaptive-reuse-project\/\">Terminal Warehouse<\/a>. The property, which had its topping out ceremony in May, is being transformed into a 1.3 million-square-foot office and retail destination with an initial delivery expected next year.<\/p>\n<h2>An ownership timeline<\/h2>\n<div id=\"attachment_1004683422\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/Domino-Sugar-Photo-009-e1695973085639.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004683422\" data-attachment-id=\"1004683422\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/two-trees-opens-iconic-brooklyn-office-building\/domino-sugar-photo-009\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/Domino-Sugar-Photo-009-e1695973085639.jpg\" data-orig-size=\"882,660\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1362643762&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Domino Sugar Photo 009\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The factory changed ownership several times throughout its 150-year history. Image courtesy of Two Tree Management&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/Domino-Sugar-Photo-009-e1695973085639.jpg?w=882\" class=\"wp-image-1004683422 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/Domino-Sugar-Photo-009-e1695973085639.jpg?w=300\" alt=\"The factory changed ownership several times throughout its 150-year history. Image courtesy of Two Tree Management\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/Domino-Sugar-Photo-009-e1695973085639.jpg 882w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/Domino-Sugar-Photo-009-e1695973085639.jpg?resize=300,224 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/Domino-Sugar-Photo-009-e1695973085639.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004683422\" class=\"wp-caption-text\">The sugar factory changed ownership several times throughout its 150-year history. <em>Image courtesy of Two Tree Management<\/em><\/p><\/div>\n<p>First opened in 1855 by Havemeyers Domino Foods Inc., the Domino Sugar Factory building underwent several transformations throughout its 150-year history. After a fire in 1882, Theodore A. Havemeyer redesigned the building with the structure known today, in what was then a Romanesque Revival architectural style. The property spread across 11 acres and comprised 14 structures dedicated to sugar production. The 240-foot smokestack was added in the 1930s.<\/p>\n<p>The complex was expanded in the 1960s, despite the reduction in activity. British company <strong>Tate &amp; Lyle<\/strong> acquired the sugar refinery\u2014 and the firm behind it\u2014in 1988, and also changed its name to Domino Sugar. In 2001, <strong>American Sugar Refining<\/strong> bought the brand and the plant for $180 million, but the factory eventually closed operations in 2004 when the property was acquired by <strong>Community Preservation Corp.<\/strong> and its development partner <strong>Katan Group<\/strong> for $55.8 million.<\/p>\n<p>CPC proposed a redevelopment plan, but eventually sold the property to Two Trees Management in 2012 for $185 million. Last year, the owner of the asset took out an $80 million loan that matures in 2027 from <strong>Manufacturers and Traders Trust Co.<\/strong>, CommercialEdge data shows.<\/p>\n<h2>From sugar refinery to modern day office building<\/h2>\n<p>In 2007, three years after the factory closed, the New York Landmark Preservation Commission designated three components of the property\u2014the filter house, pan house and finishing house\u2014as a landmark site. Ten years later, under the Two Trees ownership, Practice for Architecture and Urbanism began the transformation work at the property.<\/p>\n<p>What stands out at the Refinery at Domino is not only the preservation of the original facade, but also the development of a glass building within the walls of the factory, separated by a 12-foot gap. That space is now a vertical garden that lines the entire perimeter of the building. According to a prepared statement from PAU Founder &amp; Creative Director Vishaan Chakrabarti, the redevelopment focused on three major components: building the contemporary office space inside the historic structure; adding a glass barrel vault form that is similar to the Round Arch style of the original building and, lastly, opening the ground floor to the neighborhood.<\/p>\n<p>Apart from PAU, the development team included <strong>James Corner Field Operations<\/strong> as the landscape architect, <strong>dencityworks<\/strong> as executive architect and <strong>Bonetti\/Kozerski<\/strong> for interior design services.<\/p>","protected":false},"excerpt":{"rendered":"<p>Two Trees\u2019 adaptive reuse of an historic sugar factory is part of a $2.5 billion redevelopment.<\/p>\n","protected":false},"author":2829,"featured_media":1004683439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1600,21742,10,21747],"tags":[35890,38485],"class_list":["post-1004683408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-new-york","category-latest","category-northeast","category-office","tag-james-corner-field-operations","tag-two-trees-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Office Project Sweetens Brooklyn Waterfront - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Two Trees Management opened The Refinery at Domino, a 460,000-square-foot office building in Brooklyn&#039;s Williamsburg neighborhood.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/two-trees-opens-iconic-brooklyn-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Office Project Sweetens Brooklyn Waterfront\" \/>\n<meta property=\"og:description\" content=\"Two Trees Management opened The Refinery at Domino, a 460,000-square-foot office building in Brooklyn&#039;s Williamsburg neighborhood.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/two-trees-opens-iconic-brooklyn-office-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-29T11:09:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-29T15:23:27+00:00\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/08_Havemeyers-chimney-photo-by-Max-Touhey-e1695974507429.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/two-trees-opens-iconic-brooklyn-office-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/two-trees-opens-iconic-brooklyn-office-building\/\",\"name\":\"Office Project Sweetens Brooklyn Waterfront - 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