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Domino for Sale

In news that should surprise no one (but is surprising nonetheless), the Observer reports that the Domino site is on the block. Apparently, the Katan Group and their development partner CPC Resources have been shopping all or part of it to potential buyers.

A spokesman for CPCR told the Observer:

We are pursuing various options that will achieve our goals: to realize value for ourselves and our partners, and to insure that development is consistent with all project entitlements

Chief among the entitlements CPCR received (and of primary value to them, their partner and any potential buyers) was approval from the City to redevelop the site for as many as 2,400 housing units. In exchange, CPCR promised to build 660 units of affordable housing, a lot of open space and a public school, all (nicely) designed by architects Rafael Vi̱oly and Beyer Blinder Belle. Most of this of these benefits were not guaranteed Рsomething that was a very big issue for people opposed to the project back in 2010.

Hopefully we were wrong.

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