Domino Sugar Factory Developer Reaches Deal With City

110,000 square feet, or 40 units more affordable housing sweetens project
March 3, 2014 Updated: July 18, 2015

The city reached an agreement to increase the old Domino Sugar factory development’s affordable housing units Monday. 

Mayor Bill de Blasio had been pushing the developer, Two Trees Management, to revise its proposal for a development on the Brooklyn waterfront in Williamsburg. The new proposal represents an increase of 110,000 square feet in affordable housing.

There will be 700 affordable units integrated throughout the building for various incomes. There will also be units for families. 

Under the Bloomberg administration, 660 of the 2,300-apartment development were required to be affordable.

The deal is an important first coup for de Blasio’s goal to build and preserve 200,000 affordable apartments in the next 10 years. 

Jed Walentas of Two Trees Management said he was proud of what had been accomplished. 

“This won’t just be an ordinary development—it will be part of an integrated neighborhood that brings people of every income level together,” said Walentas in a press release. 

Work on the first building will begin at the end of 2014. 

The City Planning Commission will vote on the proposal in its meeting Wednesday.