The Real Deal New York

New proposal calls for 1.7M sf development in Red Hook

The project would transform the Revere Sugar Refinery site
March 08, 2015 05:00PM

A new redevelopment proposal for Thor Equities’ Revere Sugar Refinery in Red Hook is the biggest yet for the site.

Magnusson Architecture and Planning recently put together a feasibility study for the site. The resulting plan calls for a 1.7-million square-foot mixed-use development, including 900 apartments, 250,000 square feet of retail and 400,000 square feet of parking on the former factory’s footprint, according to Curbed.

The renderings by MAP show a multi-level commercial complex, plus six 12-story residential buildings surrounding a roof-deck. According to 6sqft, which first spotted the plans, the development might even include a marina.

Thor purchased the six-acre site in 2005 for $40 million. [Curbed | 6sqft]Christopher Cameron