All Fired Up

The dailies puzzle over why either Joshua Guttman, the owner of the Greenpoint Terminal Market, or Baruch Singer, who wanted to buy it, would want to burn down the complex. The Times paints a potential landmark designation to be pretty unlikely, while the Sun, which broke the story of Singer’s failed transaction yesterday, says that demolition of a half-burned building would cost more than demolition of a standing one.

In any case, the main reason why property owners would set fire to industrial buildings located near gentrifying neighborhoods–to ease a conversion to residential–doesn’t make sense, since the Greenpoint waterfront was rezoned last year. All which means that if there is a motive, it hasn’t been unearthed yet.

Matthew Schuerman

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