This past November, we announced that Northern Territory would be hibernating for the winter and planned to reopen this Spring (as in now) for their final year at the corner of Franklin and Meserole Avenue before the building is razed for new development. Sadly, Nothern Territory will remain officially closed.
Another Industrial Business Incentive Area for a seven-story office, retail, and light manufacturing development at 103 N 13th St. was approved by the City Planning Commission in February, making the greenlighted development the third-ever in NYC. Another IBIA will be needed for Acme Smoked Fishes’ redevelopment at 30 Gem St.
The other two unique IBIA developments, 25 Kent Ave. and 12 Franklin St., are also within the Greenpoint and Williamsburg Industrial Business Zone and gained approval for special permits to increase the legal floor to area ratio and to remove parking lot requirements. Continue reading →