A New Tower Opens on the Domino Site in Williamsburg


Domino Park opened last summer to rave reviews on the site of the former Domino Sugar refinery in Williamsburg, and the transformation of the sprawling industrial site continues this month with the opening of a 45-story, mixed-use tower on the edge of the East River.

One South First is the second building to go up on the Domino site. It has a defining presence, partly because it towers over everything around it and can be seen for miles from most directions, including an unblocked view from East Houston Street in Manhattan. But it is also striking for its design, by COOKFOX Architects: two interlocking towers connected by about a dozen floors at the top of the structure. The northern leg will have 150,000 square feet of office space, while the southern leg, as well as the connecting portion on top, will house rental apartments.

The tower’s visual prominence on the northern edge of the Domino site helped boost interest in the apartments before marketing officially began, said Rebecca Epstein, director of residential leasing at Two Trees Management Company, the developer: “We’ve had a lot of people come to us asking, ‘What is that and how can I get in there?’”

Jed Walentas, a principal at Two Trees, said the building includes details that were added after lessons were learned at 325 Kent, which opened in 2017, the first building erected on the Domino site. After discovering that a majority of the residents in 325 Kent worked from home, Two Trees decided to increase the communal work spaces by about 30 percent at One South First. Two bike storage areas will hold 300 bikes for both residential and commercial tenants, and the stairs leading to the basement will also have a bike access ramp, he said.

Some of the residential units will be ready in mid-September, while the office space will likely welcome tenants early next year.

The development site has several more phases that will take years to complete. Next, Two Trees plans to expand Domino Park. The SBSX Pumptrack Brooklyn, an outdoor bike and skate track, will close later this fall and become a one-acre open space that could be used for movie nights, farmers markets and graduations, Mr. Walentas said.

“This site is designed so that it’s immersed in the neighborhood,” he said. As the new buildings are finished, there will be more access points to the park from Kent Avenue so the buildings don’t cut off the waterfront to the public. “We didn’t want to just build condos and then kiss the area goodbye as we sold the homes.”

Two Trees also has started to convert the massive brick sugar refinery into office space, and there will be two additional towers: one on the south end of the site, next to the Williamsburg Bridge, and the other between the old refinery and One South First.

As for the rental market in Brooklyn, it is on stable footing. Median rent in the borough was at a record high at $3,000 in July and the number of new leases that were signed rose 13 percent from the previous year, according to the latest market report from Douglas Elliman.

“Anything on the waterfront in Brooklyn is hot right now” said Henry Mullin, an Elliman agent.



Sahred From Source link Real Estate

Schreibe einen Kommentar

Deine E-Mail-Adresse wird nicht veröffentlicht. Erforderliche Felder sind mit * markiert.