Domino Sugar Factory Saved, Theoretically
The Domino Sugar Refinery in Williamsburg [received landmark status ]yesterday. But lucky for the site's owner, Community Preservation Corporation Resources, the new status wont affect the [$1.3 billion](http://nypress.com/blogx/display_blog.cfm?bid=49150121&day=25&startmonth=7&startyear=2007) worth of development planned for the 11.2 acres, which includes a 40-foot-wide public waterfront esplanade stretching from South Fifth Street to Grand Ferry Park, a new water taxi pier, 120,000 square-feet of retail space and several new apartment towers with a total of 2,200 housing units – of which 30 percent would be designated for below-market rental rates. So what will be preserved? Why the exterior, of course, which will likely [increase that already hefty price tag](http://biz.yahoo.com/ap/070925/ny_factory_closing.html?.v=1).
The City Planning Commission and City Council [must give approval] before Community Preservation Corporation Resources can move forward with development. Still, it doesnt look like that Domino Sugar Art Museum will be built any time soon. Sorry hipsters: garish monstrosity, one; [Tate Modern redux](http://www.nypress.com/blogx/display_blog.cfm?bid=66241279&day=31&startmonth=7&startyear=2007), zero.
Photo courtesy of [nautical2k on Flickr]