Greenpoint's Pencil Factory Shut Down

As blogged by Vanishing New York and picked up by Curbed, the Pencil Lofts site at 122 West Street in Greenpoint has hit a wall; VNY noticed that the DOB permits had been removed from their plexiglass protection and in their place was scrawled a note saying "Job Shut Down 5/5/09." (To be fair, DOB records show no action on that date.) This leads the blog to ask, "But can luxurification really happen in the shadow of burnt-out warehouses, in the deep hole of the New Depression?"
Greenpoint: Post-Apoc [Vanishing New York] GMAP
Magic Marker Spells Trouble at Greenpoint's Pencil Factory [Curbed]
Photo from NY Shitty

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According to a recent email that I received from the sales office, the units have been temporarily taken off the market so they can have an onsite model unit installed.

Peace...

Posted by: dirtyrotten at May 15, 2009 12:17 PM

"New Depression"

Some people actually get it.

"the units have been temporarily taken off the market so they can have an onsite model unit installed"

Rrrrrrrright. Very logical.

***Bid half off peak comps***

Posted by: Brownstones Half Off at May 15, 2009 12:31 PM

Yea, really, why do they even bother with an excuse that lame.

Posted by: dittoburg at May 15, 2009 12:53 PM

I think excuses like that tend to be to make the owners feel better: 'We're not going away, we're just re-aligning' when in fact there is no more financing and they're about to go under.

Posted by: corolla at May 18, 2009 8:19 AM

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May 15, 2009

Greenpoint's Pencil Factory Shut Down

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