Tuesday, July 29, 2014

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Agreement Reached to Increase Affordable Housing for Project at Domino Sugar Site

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TWC News: Agreement Reached to Increase Affordable Housing for Project at Domino Sugar Site
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The city and Two Trees Management have finally reached an agreement that will increase affordable housing for the redevelopment project on the Williamsburg waterfront.

The agreement adds 110,000 square feet of affordable housing to the project being built on the Domino Sugar Refinery site.

Two Trees will now build 700 affordable apartments, up from 660, and more of them will be sized for families.

Negotiations between the city and the development firm had hit a roadblock over the number of units to build.

The mayor's office released a statement that reads, in part, "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."

The proposal will be voted on at the City Planning Commission meeting on Wednesday.

If it passes, construction is expected to start in December.

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