Closing Bell: City Planning Is Certifying Domino Plans This Afternoon

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The City Planning Commission is expected to certify Two Trees’ plans for the Domino Sugar refinery this afternoon, Crain’s reports. Developer Jed Walentas of Two Trees scrapped the ULURP-approved plans for the site, which were originally drawn up by previous developer CPC Resources. The new SHoP-designed proposal promises an overhaul of the landmarked Domino building and four new buildings with 2,300,000 square feet of residential space, 500,000 square feet of offices and 70,000 square feet of retail. Once City Planning certifies the plan, it will still have to undergo a new ULURP process with several levels of public review. Demolition started on some of the smaller buildings in the complex earlier this month, and Two Trees told Crain’s they hope to break ground on the development in late 2014.

Starting Gun Looms for Domino Sugar [Crain’s]

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