Will you buy me an apartment there, Sugar? It's official, the fabulous old Domino Sugar factory on the banks of the East River has been sold to developers. The NY Times reported this morning that C.P.C. Resources and Isaac Katan, a Brooklyn developer, have purchased the land and buildings for an undisclosed sum.
The developers would not say what they planned to do with the buildings, but they are well known for rehabilitating other old buildings and converting them into residences. They would only say that they "look forward to working with the community and the city as we develop our plans for the site."
The buildings have been in operation as a sugar factory since the 1880's and are sure to make a SWEET bundle of apartments with killer views. It will also mean that that Kent Avenue is going to get the biggest jolt of gentrification it has seen since the 1880's. MGR (via Gothamist)
- Developers Known for Residential Work Buy Domino... (NYTimes)
- No More Sugar (Gothamist)
- Community Preservation Corp. website