No Sugar for Developer

The Revere Sugar factory.

The Brooklyn Papers report that Community Board 6’s waterfront committee smacked down Thor Equities plea to have its Revere Sugar refinery, on the waterfront in Red Hook, exempted from the Industrial Business Zone. The refinery has sat abandoned for years.

The developer recently bought the property for $40 million and is trying to convert the site into retail and residential properties. It’s located next to Greg O’Connell’s Beard Street Pier and two blocks form the soon-to-open Fairway grocery store.

The I.B.Z. is designed to retain industry in the city, making it harder for developers to rezone industrial property.

-Matthew Grace

No Sugar for Developer