Jed Walentas | $1B+

Billionaire

Nov 15

Get in touch with Jed Walentas | Jed Walentas, CEO of Two Trees Management, is one of New York City’s most influential real estate developers, known for transforming Brooklyn’s DUMBO neighborhood from industrial waterfront to one of the city’s most desirable creative and residential hubs. Building on the vision of his father, David Walentas, he led marquee projects such as the Domino Sugar Refinery redevelopment on the Williamsburg waterfront—blending mixed-use design, public spaces, and architectural ambition. With a reputation for long-term, community-focused urban development, Walentas has shaped modern Brooklyn’s identity while solidifying Two Trees as a powerhouse in New York real estate.

Jed Walentas, CEO of Two Trees Management, is one of New York City’s most influential real estate developers, known for transforming Brooklyn’s DUMBO neighborhood from industrial waterfront to one of the city’s most desirable creative and residential hubs. Building on the vision of his father, David Walentas, he led marquee projects such as the Domino Sugar Refinery redevelopment on the Williamsburg waterfront—blending mixed-use design, public spaces, and architectural ambition. With a reputation for long-term, community-focused urban development, Walentas has shaped modern Brooklyn’s identity while solidifying Two Trees as a powerhouse in New York real estate.

When David Walentas moved to New York City in 1968, he was immediately inspired by the cityscape. Motivated by this appreciation, Walentas set out to mindfully develop New York City neighborhoods and the things that make them so unique: artistry, family-owned businesses and connectivity.

Since founding the company almost 50 years ago, David’s son, Jed, joined the family business as CEO of Two Trees. In recent years, Jed has assumed daily operating responsibility of Two Trees and oversees all aspects of the acquisition, development, construction building and leasing of Two Trees’ properties.

DUMBO

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.

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Jed Walentas, CEO of Two Trees Management, is one of New York City’s most influential real estate developers, known for transforming Brooklyn’s DUMBO neighborhood from industrial waterfront to one of the city’s most desirable creative and residential hubs. Building on the vision of his father, David Walentas, he led marquee projects such as the Domino Sugar Refinery redevelopment on the Williamsburg waterfront—blending mixed-use design, public spaces, and architectural ambition. With a reputation for long-term, community-focused urban development, Walentas has shaped modern Brooklyn’s identity while solidifying Two Trees as a powerhouse in New York real estate.

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Jed Walentas | $1B+

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