NYC, Two Trees Reach Deal On Domino Development Housing

Law360, New York (March 4, 2014, 12:33 PM EST) -- New York City Mayor Bill de Blasio reached a deal late Monday with Two Trees Management Co. that will yield an additional 110,000 square feet of affordable housing at Two Trees' Domino Sugar Factory redevelopment project, should it be approved by the City Planning Commission on Wednesday.

In connection with the deal, reached after the de Blasio administration reportedly put pressure on Two Trees to add more affordable housing or lose a key zoning variance, the developer will construct 700 affordable units at the site. The affordable...
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