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Passing the sugar: Former Domino plant up for sale

 

It could be Brooklyn’s sweetest real estate deal ever.

The developers behind a plan to turn the former Domino sugar factory into 2,200 units of housing and retail space are trying to sell the massive waterfront property, multiple real estate sources told The Brooklyn Paper.

Read more at TheBrooklynPaper.com →

Is the Domino Developer Trying to Sell?

The developers behind the “New Domino” project in South Williamsburg may be trying to sell all or parts of it, the Observer reportedthis week and the Brooklyn Paper confirmed. The 11-acre site, which went through adifficult rezoning fight, is to feature multiple high-rise towers and other buildings, 2,200 units of housing, one-third of which would be affordable.

Read more at theLmagazine.com →

 

Domino Sugar Factory Site Up For Sale

The Domino Sugar factory is for sale a little more than a year after the development team that controls the 11-acre site that the landmark building sits on won a hard fought battle in the City Council and the Department of City Planning to erect a series of mixed use towers on the large waterfront parcel.

Read more at CommercialObserver.com  →

Williamsburg waterfront condo residents complain of ‘shoddy’ construction

They were promised “luxury living” only to have their dreams shattered after buying pricey condos at a new high-rise complex on the Williamsburg waterfront that residents complain is rife with “shoddy” construction.

Read more at nypost.com → 

Tax breaks on real estate deals for people like A-Rod cost city 900M a year

A city program gives huge tax abatements to condo owners in newly built housing. A-Rod, for instance, will pay just $100 a month in taxes on his new $6 million bachelor pad.

Read more at nydailynews.com → 

Affordable Housing Policies May Spur Gentrification, Segregation

 

CPC Brooklyn Investments Since 2007

CPC Brooklyn Investments Since 2007

Manuel Zuniga has lived in Greenpoint since 1982. Back then the neighborhood was plagued with high crime, vacant buildings and a shortage of basic government services. But Zuniga was won over by the ease of the commute to Manhattan, the affordability and the close-knit immigrant community of mostly Latino and Polish residents.

Read more at gothamgazette.com →

The Domino Effect

[Flash 9 is required to listen to audio.]

Short Audio Piece on this project. Created by Daniel Phelps

Complaint Box | Powerless in Brooklyn

 Of the boroughs outside Manhattan, Brooklyn gets the most buzz — as a tourist attraction, a “hipster brand” and an incubator of art and artisanal products. That has provoked a backlash from longtime Brooklynites and others wary of smugness from the borough’s Brownstone Belt.

Read more at nytimes.com →

Gallery | Penn State Fabricators Shoot

As Incomes Gap Widens, New York Grows Apart

That New York City has extreme wealth and extreme poverty, and lots of both, seems like a law of nature, older than the subway or the Brooklyn Bridge. While there is a lot of truth in that, the city has not always had the extremes to the extent it has them now. Today, the wealthiest 1 percent of city residents has 44 percent of all income in the city, a share nearly four times as great as 30 years ago.

Read more at gothamgazette.com  →