Page 4 of 5 FirstFirst 12345 LastLast
Results 46 to 60 of 73

Thread: Domino Sugar Refinery in Williamsburg

  1. #46

    Default

    "Slop"......that's a good one. However, SLoP would have been funnier. If your going to take a gratuitous dig at them, you could at least be clever about it......LOL

    http://www.di.net/almanac/firms/shop-architects/

  2. #47
    Forum Veteran
    Join Date
    Feb 2008
    Location
    New York City
    Posts
    2,129

    Default

    Plan to Redevelop Brooklyn Sugar Factory Hits Snag: De Blasio

    For years, the plan to redevelop the Domino Sugar refinery in Williamsburg was viewed in the neighborhood with dread, roundly derided as a line of bulky new buildings that would clog the Brooklyn waterfront.

    But when a new developer took over the property two years ago, he completely redesigned the buildings, expanded the park space, added office space for tech firms and kept the previous owner’s promise that 660 of the 2,300 apartments, an unusually large proportion by New York standards, would be set aside for low- and middle-income tenants.

    With these moves — and smaller ones like adding tables for domino games — the developer, Jed Walentas, won over virtually all of the neighborhood groups and elected officials.

    But despite all that, Mr. Walentas’s $1.5 billion proposal is now in jeopardy with the new mayor, Bill de Blasio.

    The mayor’s administration is insisting that the developer add even more space for affordable housing and, as a result, fewer market-rate apartments, in exchange for the zoning changes that Mr. Walentas needs to build his towers with spectacular views of Midtown Manhattan.

    http://www.nytimes.com/2014/02/28/ny...new-mayor.html

  3. #48

    Default

    This recent snag is not shock when you consider the new mayor's Socialist leanings.

  4. #49

    Default

    Quote Originally Posted by LemSkroob View Post
    This recent snag is not shock when you consider the new mayor's Socialist leanings.
    Yes, Capitalism and Soicalism do make strange bedfellows: particularly when it invoves high priced real estate development.

    ShOp is going to need a creative solution for a 'poor door' if a large portion of this new project is to include an affordable housing component.

  5. #50
    Forum Veteran
    Join Date
    Feb 2008
    Location
    New York City
    Posts
    2,129

    Default

    Quote Originally Posted by infoshare View Post
    Yes, Capitalism and Soicalism do make strange bedfellows: particularly when it invoves high priced real estate development.

    ShOp is going to need a creative solution for a 'poor door' if a large portion of this new project is to include an affordable housing component.
    The current design is actually already a large concession to affordable housing advocates. They did not have to offer 660 units but did so to gain favor among the community and city administration. The DeBlasio administration is trying to squeeze them for more, although they are not taking issue with the 660 number. They don't want more than 660, they want more of those 660 to be 2 and 3 bedroom instead of 1 and studio. So basically they want more space.

    That's nice and everything, but this is a little late in the game to be squeezing these guys, and especially after they went above and beyond the requirements. Developers need to get a certain return if they're going to continue attracting investment. It seems like this will be the norm going forward and it will certainly stifle development. The end game I see is lower land prices and less projects, but I don't think development will cease. NYC is just too attractive for international buyers

  6. #51

    Default

    Quote Originally Posted by GordonGecko View Post
    Tr. They don't want more than 660, they want more of those 660 to be 2 and 3 bedroom instead of 1 and studio. So basically they want more space.

    That's nice and everything, but this is a little late in the game to be squeezing these guys, and especially ...The end game I see is lower land prices and less projects, but I don't think development will cease. NYC is just too attractive for international buyers
    The developer is quoted in the article saying " what they are asking, is not workable " . The developer may be bluffing in order not to give up more : we will have to wait and see.

    I guess I could put in a call to my old associate Greg P - but, I suspect he isn't returning going to be returning that call....LOL

  7. #52

    Default

    Well, that was fast.

    Press release from nyc.gov:

    City Reaches Agreement on Redevelopment of Domino Sugar Site to Increase Affordable Housing

    March 3, 2014

    Proposal adds 110,000 square feet of affordable housing

    NEW YORK–Mayor Bill de Blasio today announced the city has reached an agreement with Two Trees Management on a proposal to redevelop the Domino Sugar site on the Williamsburg waterfront, which will significantly increase the amount of affordable housing provided. Under the agreement officially proposed today at a City Planning Commission meeting, the developer will provide an additional 110,000 square feet of affordable housing as part of the project, for a total of 537,000 square feet of affordable housing.

    The proposal will create 700 affordable apartments covering a range of incomes, including a significant number of units sized for families. Affordable apartments will be integrated throughout the complex, ensuring a dynamic mixed-income community. Unlike prior proposals, all of those units will be permanently affordable. Work on the first building will begin in December 2014.

    Mayor de Blasio has set an ambitious goal of building and preserving 200,000 affordable apartments over the coming decade, and this agreement represents a major first step toward achieving that goal.

    "We set out from Day One to get the best possible value for the public. This partnership delivers on that commitment," said Deputy Mayor for Housing and Economic Development Alicia Glen. "We are securing more of the affordable housing families in Williamsburg need, and we are doing it by working together. This agreement is a win for all sides, and it shows that we can ensure the public's needs are met, while also being responsive to the private sector's objectives. I am profoundly thankful to City Planning Chairman Carl Weisbrod and our combined teams for their work reaching this outcome."

    "We are so proud and pleased with what we've accomplished here. This won't just be an ordinary development–it will be part of an integrated neighborhood that brings people of every income level together. We are proud to work with Mayor de Blasio's team and the City Council to get this project across the finish line, get shovels in the ground, and deliver the housing and jobs this city needs. We hope this can become a model for what we can all achieve together in the years ahead," said Jed Walentas of Two Trees Management.

    The proposal announced today will be voted on at Wednesday's City Planning Commission meeting. It will increase the percentage of affordable housing to 700 units out of over 2,200 total apartments in the 2,928,429 square-foot project. The project will also include significant commercial, incubator, tech and creative space that supports the administration's economic development strategy to increase quality jobs as part of mixed-use developments. It will also provide public access to the waterfront and other open space amenities.

  8. #53
    Disgruntled Optimist lofter1's Avatar
    Join Date
    Jun 2005
    Location
    NYC - Downtown
    Posts
    32,654

    Default

    The OBSERVER report notes that the increase in units will also allow for taller towers, but offers no specifics on the new height:

    ... in exchange for building taller towers, Two Trees has acceded to nearly all of the administration’s demands, agreeing to add 20 fewer units than the administration had asked for—40 rather than 60—but more than double the amount of square footage that had been requested—110,000 square feet rather than 50,000, for a total of 537,000 square feet of affordable housing.

    Read more at http://observer.com/2014/03/two-tree...#ixzz2v0kmCX7e


  9. #54
    Forum Veteran
    Join Date
    Feb 2008
    Location
    New York City
    Posts
    2,129

    Default

    Quote Originally Posted by lofter1 View Post
    The OBSERVER report notes that the increase in units will also allow for taller towers, but offers no specifics on the new height
    All the news reports today have been extremely short on specifics. The original deal was already giving the project a taller height allowance in exchange for adding affordable units. No one is saying if they're getting an additional variance ABOVE that extra height already promised

  10. #55
    Forum Veteran
    Join Date
    Feb 2008
    Location
    New York City
    Posts
    2,129

    Default

    Speaking about socialist tendencies, more headaches for this project:

    Unions demand all Domino Sugar site construction workers be organized

    While Two Trees Management, the developer that struck a deal to redevelop the Brooklyn waterfront factory, usually hires unionized crane operators and electricians, labor unions are pushing city pols to require all workers be represented.

    http://www.nydailynews.com/new-york/...icle-1.1711035

  11. #56
    Senior Member
    Join Date
    Nov 2006
    Location
    Hell's Kitchen
    Posts
    312

    Default

    I wouldn't call unions "socialist," at least not in the sense of promoting income equality. Unions--especially public sector unions that aren't battling against for-profit corporations--perpetuate income inequality. Sure, a few hundred or thousand union members get cushy jobs at twice the market wage. But everyone who has to ride the subway and suffer through a fare hike, everyone who can't afford rent because the unions drove up labor costs on residential construction--basically the majority of middle-class and working-class people--all suffer thanks to the unions and their extortion tactics.

    Sure, unions once helped eradicate the scourge of sweatshops. But that has no bearing on whether it's a good thing that we have to pay for rubber rooms to house teachers that are unfireable thanks to union rules.

  12. #57

    Default

    I think it is possible that Two Trees Development would walk away from this project if it is mandated that the entire build is 100% union labor? I know this developer uses non-union construction crews on many (if not most) of his real estate development projects; and I believe they should have the right to build non-union if necessary.

    This will be yet 'another' interesting mega RE development to follow here in NYC. Time to SUBSCRIBE TO THREAD......

  13. #58
    Build the Tower Verre antinimby's Avatar
    Join Date
    Sep 2004
    Location
    in Limbo
    Posts
    8,976

    Default

    I don't know if they'll walk away but they will probably value engineer the sh:t out of it just to get the profits back up to a financial workable level.

    And we wonder why we get the crappiest buildings even though we have the highest per foot prices in the country.

  14. #59
    Build the Tower Verre antinimby's Avatar
    Join Date
    Sep 2004
    Location
    in Limbo
    Posts
    8,976

    Default

    Edit: "highest per square foot..."

  15. #60
    Build the Tower Verre antinimby's Avatar
    Join Date
    Sep 2004
    Location
    in Limbo
    Posts
    8,976

    Default

    BTW, now that this has become another real estate development project and no longer about Domino shutting down, shouldn't this get moved to the Architectural subforum, where most people would expect to find it?

Page 4 of 5 FirstFirst 12345 LastLast

Similar Threads

  1. Williamsburg Bridge
    By Edward in forum New York City Guide For Visitors
    Replies: 11
    Last Post: September 1st, 2010, 07:22 AM
  2. Old Proposal For New Williamsburg Bridge
    By Gulcrapek in forum New York City Guide For New Yorkers
    Replies: 13
    Last Post: January 24th, 2005, 03:49 PM
  3. New Condo Towers in Williamsburg
    By ASchwarz in forum Brooklyn, Queens, Bronx, and SI Real Estate
    Replies: 15
    Last Post: April 5th, 2004, 07:42 PM
  4. More Condominiums Take Shape in Williamsburg
    By Kris in forum Brooklyn, Queens, Bronx, and SI Real Estate
    Replies: 0
    Last Post: May 16th, 2003, 05:03 AM
  5. Williamsburg Photo Collection
    By Gulcrapek in forum New York Skyscrapers and Architecture
    Replies: 3
    Last Post: February 10th, 2003, 12:57 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


Google+ - Facebook - Twitter - Meetup

Edward's photos on Flickr - Wired New York on Flickr - In Queens - In Red Hook - Bryant Park - SQL Backup Software