Details on Two Trees’ Reno of 30 Washington


Today the Times has an article focusing on Two Trees’ current project in Dumbo, the conversion of 30 Washington Street into about 100 rentals. The article has details about the various other projects that have opened in Dumbo and Vinegar Hill recently, but back to 30 Washington:

[David] Walentas said Dumbo had come a long way since his earliest visits, more than 30 years ago, when he first saw the 30 Washington Street building, owned at the time by Helmsley-Spear. “That was a vacant building and had a for-sale sign on it,” he recalled. “I said to the broker: ‘Well, somebody should buy the whole neighborhood. One building, it’s tough to make a difference.’ He said, ‘We own the whole neighborhood — we’ll sell it to you.’ ” They did, in a deal worth $12 million for two million square feet. Since then, Mr. Walentas said, “It’s been quite a trip.”

The story also notes that Two Trees plans to begin work on its 400-unit-plus-school Dock Street project in July.
Condo or Rental, It’s New in Dumbo [NY Times]
30 Washington Street Conversion Begins [Dumbo NYC]
LPC Approves Rooftop Addition at 30 Washington [Brownstoner] GMAP

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