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‘Transformative’ Brooklyn MXD Clears Hurdle

NEW YORK CITY-It’s been a long and winding road for CPC Resources’ Domino Sugar redevelopment, which is nearing final city approval.

By Paul Bubny | Updated on June 30, 2010

NEW YORK CITY-A pair of unanimous approvals by City Council committees has the team behind the $1.2-billion New Domino housing development optimistic about the prospects for the Brooklyn mixed-use development getting final approvals later this summer. “It looks very promising,” attorney Mitchell Korbey, who’s representing the New Domino team and calls the project “transformative,” tells GlobeSt.com. “We have a unanimous approval by the Land Use Committee, which is a testament to the negotiations and give-and-take.”

Next steps for the project, which also garnered a 9-0 vote Tuesday by the council’s Subcommittee on Zoning, are approvals by the City Planning Commission and the full council. Both are likely to occur by the end of July. “Unless something unexpected happens, we expect the project to be approved,” says Korbey, a partner in the real estate practice at Herrick, Feinstein.

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