City, Two Trees Reach Deal on Domino

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Two Trees’ ambitious plans for redeveloping the Domino site will not be scuttled after all. The city and the developer have compromised with an additional 110,000 square feet and 40 more units set aside for affordable housing, according to a statement released by the city yesterday and widely reported.

The agreement will be binding and the affordable housing will be permanent. The City Planning Commission will vote on the proposal Wednesday.

Deal Is Reached on Redevelopment of Brooklyn Sugar Refinery [NY Times]
Details Emerge of Deal Between Domino, City [WSJ]
City Announces Agreement on Redevelopment of Domino Sugar Factory Site [DNAinfo]
Rendering by SHoP

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