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Domino Sugar Plant on Brooklyn

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נשלח ב-2/7/2004 01:12 לינק ישיר 
Domino Sugar Plant on Brooklyn

Developers Known for Residential Work Buy Domino Sugar Plant on Brooklyn Waterfront
By DIANE CARDWELL and ROSALIE R. RADOMSKY

Published: July 1, 2004


wo developers known for residential projects have bought the Domino Sugar refinery in Williamsburg, ending a rich chapter of Brooklyn's industrial waterfront history.

C.P.C. Resources, the development arm of the Community Preservation Corporation, a lending consortium of banks and insurance companies best known for financing rehabilitations of older apartments, and Isaac Katan, a Brooklyn developer who has helped gentrify Fourth Avenue in Park Slope, have bought the land and the buildings of the all-but-shuttered plant, said Lloyd Kaplan, a preservation corporation spokesman.
The developers would not say how much they paid for the property or what they planned to do with it, instead releasing a statement saying that they "look forward to working with the community and the city as we develop our plans for the site."

The Domino plant, with its distinctive neon sign looming over the East River just north of the Williamsburg Bridge, had been operating since the 1880's and was acquired in 2001 by American Sugar Refining.

Donald Brainard, vice president for human resources at American Sugar, also declined to discuss the particulars of the sale, but he said the plant's operations were unprofitable. "We announced last August that we would close it ultimately and had no plans for the facility at the time of the initial announcement," he said.

American Sugar still has plants in Yonkers, Baltimore and Chalmette, La., but the Brooklyn refinery, once the world's largest, according to a company brochure, had been the most inefficient, Mr. Brainard said, adding that only about 25 employees work there now. "We made a decision to close the operation to increase our efficiency and lower our costs," he said, adding that there had been a partial shutdown of operations in January. "I would guess the rest will close later this year."

Although sugar processing ended at the plant last August, news of the sale of the mammoth brick factory and its uncertain future appeared to take neighbors and city officials by surprise. Joseph Markowitz, who had bought the company's office building and parking garage across the street from the refinery about two years ago, said he would like to see it rezoned for residential use, a designation he is seeking for his property. "We have a problem renting to commercial - it's very hard," he said.

But City Planning Department officials, who have been pushing forward with an enormous proposal to rezone the Williamsburg and Greenpoint waterfront to encourage residential and recreational uses, had drawn their plan to preserve the Domino site for manufacturing, a move applauded by several officials and labor advocates who would like to see the remnants of the borough's industrial legacy - and its blue-collar jobs - preserved.

In August, city officials said they were committed to finding an industrial reuse for the site. "We're not contemplating a rezoning for this site," Regina Myer, the Brooklyn director for the Planning Department, said yesterday. "We're focusing all of our efforts on the rezoning to the north."

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http://www.nytimes.com/2004/07/01/nyregion/01sugar.html



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נשלח ב-2/7/2004 07:59 לינק ישיר 

Sugar plant may become condos

By Susan Salisbury, Palm Beach Post Staff Writer
Friday, July 2, 2004



Two Palm Beach County-based sugar companies have sold a vintage Domino Sugar plant in Brooklyn, N.Y., to developers who specialize in residential projects.

The purchase for an undisclosed amount marks the end of the factory, which overlooks the East River and dates to 1856.

The 11-story building on 11 acres was known for its red neon Domino Sugar sign and is a landmark in the domestic sugar industry.

CPC Resources, the development arm of the Community Preservation Corp., and Isaac Katan, a developer known for converting commercial areas to gentrified residential condominiums, closed Wednesday on the building and the land surrounding it, said CPC spokeswoman Brenda Ratliff.

Ratliff said she was not sure what the plans are for the property.

CPC is a private mortgage lender specializing in financing low, moderate and middle-income housing in New York and New Jersey.

Since 1974, the CPC has financed more than 92,000 affordable housing units.

The Fanjul family's West Palm Beach-based Florida Crystals Corp. and the Sugar Cane Growers Cooperative of Florida in Belle Glade, bought the plant in November 2001 when they partnered with and acquired Domino Sugar. The buyout also included refineries in Baltimore and Chalmette, La.

American Sugar Refining Co., the umbrella company formed at the time of the $180 million-plus deal, also owns a refinery in Yonkers, N.Y., about 10 miles from the Brooklyn facility, said Don Brainard, American's vice president for human resources.

"When we announced the partial closure last year, we knew that ultimately we would be winding it down over the next year," Brainard said. "Over the last several months, we have received various phone calls and offers for the site and decided it was in our best interest to sell the property."

The older Brooklyn facility was the least efficient of the sugar plants, and the company is making millions of dollars in capital improvements in the other Domino facilities, including in Yonkers, Brainard said.

A year ago, the Brooklyn plant was down to 225 employees.

A partial closure was announced last year, and in January, the refining operation was shut down.

Only 25 packaging employes remain in Brooklyn. Some of those will be laid off, and some will be transferred to Yonkers, Brainard said.

"The operations are being consolidated in Yonkers," Gaston Cantens, spokesman for Florida Crystals, said Thursday.

The U.S. sugar industry has more refining capacity than it needs.

Uncertainty about sugar's future in the free-trade arena also played a role in the decision.

"We also have these free-trade agreements floating out there. We're not sure what is going to happen," Cantens said.

Florida Crystals, the co-op and Florida's other sugar firm, Clewiston-based U.S. Sugar Corp., collectively produced 2.15 million tons of sugar in the 2003-04 season, an all-time high, according to the Florida Sugar Cane League Inc.

http://www.palmbeachpost.com/business/content/auto/epaper/editions/friday/business_044e2c3875a261d7009f.htmlהטקסט שלך כאן



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נשלח ב-2/7/2004 01:45 לינק ישיר 

פאר אונז אידן איז אינטרעסאנט די צווייטע פאראגראף אינעם ארטיקל.



The developers would not say how much they paid for the property or what they planned to do with it, instead releasing a statement saying that they "look forward to working with the community and the city as we develop our plans for the site."


די דעוואלאופערס האבן נישט געזאגט וויפיל זיי האבן באצאלט פאר די פראפערטי אדער וואס זיי פלאנען צו טאן מיט עס . אנשטאט דעם האבן זיי ארויסגעגעבן א דערקלערונג אז זיי וועלן זיך פרייען צו ארבעטן אינאיינעם מיט די קאמיוניטי ((אידן?)) און מיט די שטאט אין דער צייט וואס זיי וועלן אנהויבן אנטוויקלען זייערע פלענער פאר דעם ארט.



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