Two Trees Closes on Domino Site

Last week, the Domino lawsuit was thrown out and Two Trees was cleared to proceed with the purchase of the massive Williamsburg site. A press release out today confirms that the Community Preservation Corporation and Two Trees have closed on the $185 million deal. Here’s the statement today from Two Trees Management: “Over the coming months, Two Trees will be spending significant time in Williamsburg, listening to and learning from the local residents and community leaders who will be our new neighbors. This dialogue will help inform our decision whether to build the approved plan under the existing zoning, or to seek to improve upon it through a new public process. We are very excited about the tremendous potential to re-connect this long-dormant waterfront site to the rest of this vibrant neighborhood, bringing additional housing, jobs, open space and neighborhood amenities with it. Two Trees is committed to delivering on that promise.”
Domino Lawsuit Kaput, Sale Can Proceed [Brownstoner]