Open House Gates at Domino

Hundreds of folks gathered for the Domino Sugar Factory open house this weekend, per the Daily News. "Groundbreaking is expected next year on the project that will create 2,200 new units of housing, with 660 units set aside as affordable rentals or condos for people earning between $25,000 and $95,000 a year," they write. One blogger snapped some great photos (and pointed out that everyone else there was doing the same) and lamented that it was not such an open house, after all, since she couldn't go inside. Update: According to Curbed, the developer is planning a shuttle bus to get Domino residents to and from the L train.
Home Buyers Chase Sweet Life at Domino [NY Post]
Top photo by EV Grieve.
Small photo by Matt Semel.

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I wouldn't be holding my breath for those Domino condos. It's going to be a while!

Posted by: lowintheheights at October 20, 2008 10:16 AM

There is no program for "affordable" condos, just rentals and co-ops. It's too complicated to give many subsidized mortgages, so they only give one for the building.

It sounds like it would be a 50/30/20 property given the wide range for the income restricted units.

They can do whatever with the 50% of the units that are market rate.

Posted by: Polemicist at October 20, 2008 10:41 AM

Visitors did like the temporary access to the waterfront. But the event was part of a much larger chess game. See:
http://atlanticyardsreport.blogspot.com/2008/10/sunday-in-park-at-new-domino-developer.html

Posted by: NormanOder at October 20, 2008 11:17 AM

« For Post-Rent Control Real Estate, Leave Brooklyn The Brooklyn Greenway Has Arrived »

October 20, 2008

Open House Gates at Domino

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