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Life Is Sweet Again for Soho's Chocolate Factory Conversion

It seems we're always announcing the un-stalling of 325 West Broadway, the long-troubled conversion of a former Tootsie Roll factory in Soho. So what's different this time? Now it might actually happen! Developer DDG Partners is in contract to purchase the four-building site, Crain's reports, and plans to move forward with a luxury condo conversion. The exact price DDG is paying could be as high as $39 million, and the conversion will be the latest in the developer's slow takeover of Manhattan (see also: 12-14 Warren Street, 345 West 14th Street, and 41 Bond).

We don't yet know the specifics of DDG's plans. (Anyone? Tell us, if you please.) But the original 2008 conversion proposal called for the restoration of 23-25 Wooster Street and the replacement of the factory with a nine-story building. The developer will have to deal with a number of Landmarks Preservation Commission restrictions on setbacks, windows, and more.
· Soho Tootsie Roll factory in sweet deal [Crain's]
· 325 West Broadway coverage [Curbed]

325 West Broadway

325 West Broadway, New York, NY 10013