The Domino Sugar Refinery in Williamsburg received landmark status yesterday. But lucky for the site’s owner, Community Preservation Corporation Resources, the new status won’t affect the $1.3 billion 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.
The City Planning Commission and City Council must give approval before Community Preservation Corporation Resources can move forward with development. Still, it doesn’t look like that Domino Sugar Art Museum will be built any time soon. Sorry hipsters: garish monstrosity, one; Tate Modern redux, zero.
Photo courtesy of nautical2k on Flickr