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
The addition on the former textile factory on North 11th Street that Two Trees is developing into a hotel is now on display in all its glassy glory. A teaser website has gone up for the hotel, which will be called the Wythe and is supposed to open by May.
Wythe Hotel [Official Site]
Walentas Williamsburg Hotel Will Open by May 1st and Probably be Called ‘The Wythe’ [Brownstoner]
Development Watch: Two Trees Williamsburg Hotel [Brownstoner]
Walentas Hotel Conversion Gets Airier [Brownstoner]
Work Underway at Walentas Hotel [Brownstoner]
Walentas Hotel Awarded Tax-Free Funds [Brownstoner] GMAP