Simon Baron Development

Simon Baron Development plans new office building in Greenpoint Developer purchased property for $24M

Simon Baron president Matthew Baron and a rendering of 12 Franklin Street in Brooklyn (Credit: Ollie)

Simon Baron Development plans to build a seven-story bo上海贵族宝贝

utique office building in Greenpoint if the city signs off on a zoning change for the property.

The developer announced plans to build an office building at 12 Franklin Street, calling for 134,000 square feet of office, ground-floor retail and rooftop amenity space. Another 23,000 square feet will be set aside for manufacturing use.

Simon Baron is seeking a zoning text amendment and approval of two special permits to build a larger project on the site and change certain parking requirements. The City Planning Commission is slated to consider the developer s application on Monday, potentially kickstart上海夜网论坛

ing the uniform land use review process (ULURP).

The developer purchased the site in 2016 for $24 million. At the time, firm president Matthew Baron told The Real Deal that he was holding off on making plans for the property until he saw how a neighbor s rezoning r爱上海同城手机版

equest — similar to the one he now has pending — made its way through the city s land上海夜网论坛

use review process. A few months later, the City Council approved Heritage Equity Partners and Philadelphia-based Rubenstein Partners special permit 25 Kent Avenue, paving the way for an eight-story, 480,000-square-foot office building.

Three commercial buildings currently on the Franklin Street site will be demolished t上海夜网

o make way for the project.

Tags: Commercial Real Estate, greenpoint, Simon Baron Development
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