Two Trees Unveils $25 Million Triplex ClockTower in DUMBO, Brooklyn

Modern Penthouse With World's Best Views Debuts as Most Coveted Residence in
New York City

NEW YORK, Oct. 20 /PRNewswire/ -- Two Trees Management Co. announces the debut
of one of the world's most spectacular triplex residences, the ClockTower, a
$25 million, three-story home perched atop One Main Street in DUMBO, Brooklyn.
Originally built in 1914, the iconic ClockTower space, famous for its four
gigantic clocks, has been transformed into a 7,000 square foot penthouse with
fabulous living and entertaining quarters, state-of-the-art technology and
arguably NYC's most extraordinary views, which make the ClockTower one of New
York City's most coveted homes.

(Photo: http://www.newscom.com/cgi-bin/prnh/20091020/NY95083 )

The ClockTower residence was lovingly designed and renovated by David
Walentas, the developer and principal of Two Trees. Walentas, who had the
vision to shape DUMBO into the sought-after neighborhood it is today, spent
years crafting the ClockTower into a discerning, unique property. "We
meticulously re-created the original space into a home that offers arguably
one of the world's greatest views," said Walentas. "The ClockTower itself
rises close to the East River and offers sweeping vistas of the Statue of
Liberty, the Brooklyn Bridge, the Manhattan Bridge and the entire New York
City Skyline."

The elevator to the ClockTower has a private key access and opens onto a
contemporary atrium. The ClockTower boasts strikingly modern design, superb
entertainment spaces, and comfortable living quarters, with panoramic views
throughout the residence. "It supersedes real estate; it's a work of art that
cannot be duplicated," said Asher Abehsera, Vice President for Two Trees
residential properties.

Spacious walk-in closets, solid rift-sawn white oak floors, an Italian
custom-made kitchen featuring white lacquer cabinets, stainless steel, Pietra
Cardosa countertops and Gaggeneau appliances are all part of the residence's
luxurious and functional appeal.

Above all, it is the allure of the four clockface windows, the overwhelming
natural light, and unrivaled views that distinguishes this spectacular space
from all others. Even the gorgeous pedestal bathtub in the master bathroom
looks out onto sweeping vistas of lower Manhattan!

For more information visit www.ClockTowerNY.com or call Asher Abehsera at
00-1-646-724-2880.

Two Trees Management Co. owns most of the Brooklyn neighborhood of DUMBO
("Down Under the Manhattan Bridge Overpass") as well as significant properties
in the Downtown Brooklyn, Brooklyn Heights, Cobble Hill, Boerum Hill area.
The company's holdings include 13 buildings and the second largest portfolio
of commercial space on the Brooklyn waterfront, which spans 3 million square
feet.

SOURCE Two Trees Management Co.

Asher Abehsera for Two Trees Management Co., +00-1-646-724-2880