NY Times excerpts -
$1.4 Billion Development at Sugar Refinery in Brooklyn Wins Key Council Support
By CHARLES V. BAGLI
Published: June 29, 2010
The $1.4 billion plan to transform the former Domino Sugar refinery into a residential development on the Brooklyn waterfront won critical support in the City Council on Tuesday, after the developer agreed to cut the size of the project’s two tallest towers and provide a shuttle bus to the nearest subway. The project at the defunct Domino Sugar refinery in Brooklyn will offer 660 of its planned 2,200 apartments to poor and working-class New Yorkers.
The New Domino project, on the East River in Williamsburg, had divided a once-working-class neighborhood in desperate need of housing for longtime residents but overwhelmed by a wave of new luxury towers during the recent real estate boom.
The developer, the Community Preservation Corporation, has promised that 600 of the 2,200 apartments at the 11-acre Domino site will be for poor and working-class New Yorkers. The corporation is also preserving Domino’s refinery building and its 40-foot tall sign, while providing a public esplanade, shops and office and community space.
“This is a way of turning a dead industrial site into a vibrant, mixed-use and mixed-income community that can be a model for redevelopment,” said Michael Lappin, president of the Community Preservation Corporation, which owns the site.
During last-minute negotiations, the developer agreed to reduce two planned 40-story towers to 36 floors. The lost space from those floors will be added to other buildings on the site. The corporation also agreed that construction, building service and eventual supermarket workers at the New Domino would be paid prevailing wages.
http://www.nytimes.com/2010/06/30/nyregion/30domino.html
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