Franklin Street anew?

For the three months and change that I've been living on the Greenpoint/Williamsburg border, Franklin Street, as an extension of Kent Street, has been a mess of construction. Locals told me it's been part of the preparations for the new waterfront condos. Regardless, it's finally beginning to break and a recent walk to Franklin and Milton saw two new storefronts being worked on (see the corner in the background).