Monday, November 3, 2008
House of Spices makes deal with City
The city has gobbled up another chunk of Willets Point in Queens as Mayor Bloomberg pushes his plan to transform the gritty industrial zone near Shea Stadium.
In the biggest land deal to date in the neighborhood, the city persuaded Indian food distributor House of Spices - the second-largest landowner at Willets Point - to sell its 4 acres, city officials told the Daily News.
The deal is expected to be announced Monday along with an agreement for a third of an acre owned by another company.
Combined with previously inked deals, the city now controls more than 40% of the 62-acre tangle of auto body shops and other businesses - and could soon have half the land.
City now owns over 40% of Willets Point after latest buy