Search
 

Domino Project Gets the Go Ahead

NEW YORK CITY—Thanks to its agreement with the city earlier this week to create more affordable housing at the site, Two Trees Management receives unanimous approval from City Council.

By Rayna Katz | Updated on March 05, 2014

NEW YORK CITY—After acquiescing to Mayor de Blasio’s demand for more affordable housing at the Domino Sugar redevelopment site, Two Trees Management received a sweet reward: its building application was unanimously approved by the City Council, according to Crain’s New York Business.

“We want to encourage development with bold designs and great site plans like Domino,” newly appointed City Planning commissioner Carl Weisbrod said at Wednesday’s hearing. “We know this increases the value of development, and we also want to ensure that the public can share in the increased value through the provision of affordable housing.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.