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NEW YORK CITY-Closing out the second annual Brooklyn Real Estate Summit on Thursday with an engaging story, developer Jed Walentas, principal, Two Trees Management, spoke of his company’s large-scale project planned at the former Domino Sugar factory.

As the audience sat in rapt attention, Walentas detailed the rationale behind his company’s revamp of the project’s original plan, which was done in March. Slated to take 10 to 15 years to build—at a cost of $1.5 billion dollars—the Domino site will include over 630,000 square feet of office space, 2.3 million square feet of residential space, 79,000 square feet of retail offerings, a park and even a 140,000-square foot school or recreational facility. Two Trees hopes to break ground next year.

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