David Walentas
David Walentas is an American billionaire real estate developer.
- David Walentas founded Two Trees Management, which is best known for transforming two Brooklyn neighborhoods, Dumbo and Williamsburg.
- Walentas owns over two dozen residential and commercial properties across Dumbo, Brooklyn Heights, Williamsburg and Manhattan.
- In the 1970s he borrowed $12 million to buy 2 million square feet of industrial buildings in an unpopular part of Brooklyn that later became Dumbo.
- He acquired the Domino Sugar refinery’s 11 acres in Brooklyn for $185.5 million in 2012 and is remaking it; the first tower opened in 2017.
- Walentas works closely with his son Jed, who became CEO of Two Trees in 2011.
