Now that Two Trees Management has closed on the $185 million purchase of the Domino Sugar factory site on the Williamsburg waterfront, the company hopes to change significantly the current design of the project, the Wall Street Journal reported.
Two Trees seeks to include office space and an improved open-space plan, according to unnamed sources. The site’s previous developers had vowed that 30 percent of housing built at the site would be affordable; however, the 30 percent figure might not be possible, Two Trees said.
The design changes would require new approvals.
The original plan for the site called for 2,200 residential units, two 34-story buildings, two other buildings rising up to 30 stories and the restoration of Domino’s building, according to Curbed. [WSJ] and [Curbed]