Home News Two Trees’ David Walentas Finds Buyer for Renovated Hamptons Home

Two Trees’ David Walentas Finds Buyer for Renovated Hamptons Home

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David Walentas of Southampton and 199 Coopers Neck Lane (Getty Images, Corcoran / Tim Davis)

A pair of tech executives is finally loosening developer David Walentas a bit.

According to The Wall Street Journal, the founders of Two Trees Development sold Southampton’s mansion in 199 Coopers Neck Lane for $ 32.2 million. The property was first listed in April 2021 for $ 35 million. gain To $ 37 million in March.

Valentas, known for building much of Brooklyn’s Dumbo district, told the journal that he intends to donate the proceeds of the sale to his alma mater, the University of Virginia.

Buyers are Stewart Butterfield, co-founder and CEO of Slack, and Jen Rubio, co-founder and CEO of Away. Bespoke Real Estate and Christopher Burnside of Brown Harris Stevens sold the property, and Sotheby’s International Realty’s Harald Grant represented the buyer.

Warentas bought a 100-year-old home for $ 11.6 million with his wife, Jane, who died in 2019. After Warentas handed over the day-to-day operations of his development company to his son Jed, he spent extra time on a 17,000-square-foot project to embark on the repair and sale of real estate.

Jane died of lung cancer in 2020 at the age of 76.

Due to the renovation of the property by Warentas, the ceiling was raised, the windows were enlarged, and a garage of four cars was created. Pool houses, solariums and greenhouses were also added during the $ 10 million refurbishment.

The house has 11 bedrooms, 12 bathrooms and 2 powder rooms. There are two gated driveways, All-weather tennis court This property is reportedly proposed. The property is located near Cooper’s Beach in Southampton.

The Warentas company won a big victory at the end of last year Two trees closed the deal Working with Stephen Levin, a member of the Brooklyn City Council, we have ensured approval for Rivering, the development of the company’s 1,050 units on the Williamsburg waterfront. The project went through a land use review process in an unprecedented four months.

Butterfield and Rubio engaged in May 2019 and had their first child last year. According to insiders..After Butterfield, the relationship was published in 2019 Joke to Rubio on Twitter..

The couple bought the Aspen mansion last year for $ 25 million.

[WSJ] — Holden Walter-Warner

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