The Real Deal New York

City Council OKs Domino Sugar redevelopment plan

The revised plan will bring more affordable housing units to the mixed-use project

May 15, 2014 11:40AM

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A rendering of the Domino project (credit: SHoP) and Two Trees' Jed Walentas

A rendering of the Domino project (credit: SHoP) and Two Trees’ Jed Walentas

In a unanimous vote, the New York City Council gave final approval to the Domino Sugar Factory redevelopment plan on Wednesday. The final vote came following a revised proposal submitted by developer Two Trees Management that would bring more affordable housing to the site.

With the exception of one abstention, the vote passed 47-0.

According to the proposal, the mixed-use development will use the space for commercial, incubator, tech, creative, and residential use. And of the more than 2,200 apartments being built, 700 units will be designated for affordable housing.

Furthermore, the affordable housing units will only be available to tenants making 70 percent or less of the area’s median income, according to a deal reached by the City Council’s Land Use Committee in April, DNAinfo reported.

Construction is slated to start in December. [DNAinfo] – Sasha von Oldershausen

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