CityRealty Insider > New Developments in the News

New Developments in the News

JANUARY 11, 2010

The future of a Brooklyn landmark takes shape, a skyscraper changes hands and a neighborhood’s demographics change with the times.

The city’s Uniform Land Use Review process has begun for the Domino Sugar redevelopment project in Williamsburg, Brooklyn. The waterfront project is seeking approval for the creation of up to 2,400 residential units—a portion of which would be affordable to low- and moderate-income households—as well as retail, commercial, community and office space. The project would restore the iconic main Domino Sugar building and create about four acres of public open space including a waterfront esplanade linking to Grand Ferry Park. Construction is planned to begin next year and to be completed in 2020.

In Downtown Manhattan, the Ground Zero project has made exactly zero progress toward being sorted out, but the Woolworth Building may have a suitor in the form of the Rome-based Sorgente Group. The investment firm—which owns portions of the Chrysler Building and the Flatiron Building—is reportedly negotiating to buy the famous skyscraper.

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