Two Trees Management has secured a finance package totaling $80M from M&T Bank to complete the redevelopment of the landmark Domino Sugar Refinery in the Williamsburg section of Brooklyn,
M&T will provide a $43.6M project loan and a $36M construction loan for the adaptive-reuse project, which is converting the 19th century refinery into a new 460K SF office campus.
Two Trees acquired the 11-acre waterfront Domino site in 2012 for $185M from The Community Preservation Corp. In addition to the $250M conversion of the Domino refinery, now under construction, Tall Trees had completed a 3,000-unit multifamily tower on the site, which also will include a new public park.
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