Presented by Baruch College
When David Walentas, the founder of Two Trees, moved to New York City in 1968, he was immediately inspired by the cityscape. Since founding the company almost 50 years ago, David’s son, Jed, joined the family business and became the current CEO of Two Trees.
Two Trees is known for its singular role in transforming the Brooklyn neighborhood of DUMBO where the company’s holdings include 12 buildings comprising more than 3 million square feet of commercial and residential space. Starting in 1974 with a 13-building purchase in DUMBO, Two Trees has built, rented, or sold more than 800 apartments, and invested over $200 million into the neighborhood, including the development of Brooklyn Bridge Park and a donation of a public pavilion and restored carousel, contributing to the overall transformation of the area.
As a result of Two Trees’ efforts, DUMBO has grown from a neglected industrial waterfront into a vital multi-use community. A popular destination for New Yorkers and tourists alike, DUMBO is known for its boutique retail, innovative technology firms, luxury residences, art galleries and performance venues.