pencil-lofts-0509.jpgAs 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


What's Your Take? Leave a Comment

  1. 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.

  2. “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***

  3. 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…