NEW YORK CITY—City Council has agreed to allow tall towers atthe former Domino Sugar refinery on the Brooklyn waterfront,according to the Wall Street Journal. The move is a bigstep forward on Two Trees Management's mixed-use development at thesite, as well as the first significant land-use proposal under thenew mayoral administration.
The Domino Sugar site has a lengthy and difficult history butrecent negotiations among Mayor Bill de Blasio's administration,the City Council and the developer have put the project on theverge of final approval.
The deal would allow Two Trees to build as high as 55 stories—15stories above anything else on the Brooklyn waterfront. Inexchange, the developer agreed to certain affordable housingrequirements.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.