12 Franklin Street

Northern Territory Will Not Reopen This Year

Northern Territory Rooftop

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.

Jamie Toll, photo by Ian Hartsoe.

Why the sudden change of plans? Even though their lease is up at the end of the year, Northern Territory “came to an agreement with the new landlord” to be out in a few months and make way for the seven-story office and manufacturing building that is slated to be built. Continue reading

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Third-of-its-kind Industrial Development Gets Green Light

103 N. 13th St. rendering ( via CityLand; Albo Loberis/CPC)

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.

103 N . 13th St. (Google Maps)
The planned office and manufacturing building to (tentatively) open in 2021 at 12 Franklin St. (FXCOLLABORATIVE/BEZIER)

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

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