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New Domino Sugar Site Plan Sweetens the Deal

NEW YORK CITY-The latest blueprint includes a big uptick in office space and a sensible decline in apartments and parking spaces.

By Rayna Katz | Updated on March 04, 2013

NEW YORK CITY-Possibly making its offerings at the Domino Sugar Factory site even sweeter, Two Trees on Sunday issued a revised plan for the 11-acre sprawl that includes a substantial swath of office space. The new proposal is a marked change from the ideas put forth by Two Trees’ predecessor on the project, CPC Resources, and a welcome alteration for most constituents.

According to an announcement of the plan, Two Trees’ principals, and father and son, David and Jed Walentas—with the help of ShoP Architects—devised a $1.5 billion plan that features 631,240 square feet of office space; a marked change from CPC’s proposal of 98,738 square feet.  The new plan cuts about 160,000 square feet of residential space, along with some retail and 501 parking spaces, according to Crain’s New York

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