On Graffiti Mecca's Grave, 5Pointz's 47-Story Tower Nears Summit

Construction progress as of late-October (CItyRealty)

Monday, Oct 30, 2017 By CityRealty Staff, CityRealty contributor

The first and tallest tower of David Wolkoff’s 5Pointz rental development has topped out construction. The controversial two-building project replaces the identically-named street-art mecca where, for more than two-decades, graffiti artists could paint freely along a series of low-rise warehouses.

Lingering bitterness from formerly contributing artists has prompted several lawsuits. Nevertheless, Wolkoff’s G&M Realty has continued construction without interruption. The 1.4 MSF scheme will ultimately bring two towers: one 47 stories and the other 41, to the 3-acre site ringed by Jackson Avenue and the elevated 7-train. There will be 1,115 apartments in all, of which 20% will be rented at below-market rates. Along the project’s lower levels will be 20 artist studios, 40,000 square feet of retail, and a public parking garage for 262 vehicles. Amenities will include a climbing wall, a swimming pool and a private park between the towers.

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Interiors conceived by Mojo Stumer Associates will have graffiti-inspired artwork hanging throughout the buildings and include a graffiti-style logo hanging behind the reception desk. HTO Architect is behind the design of the towers themselves and crafted a bland pair of buildings with glass tops and pitched roofs. The topping out of the second tower is soon to follow and the entire development is slated to open in late 2018.

Construction progress at 5Pointz as of late October (CityRealty)

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Looking south down Jackson Avenue

Several artists are currently suing G&M Realty to get compensation for the art that was whitewashed in 2013. Earlier this month, the Times reported a graffiti artist is suing the landlord, saying he could have earned tens of thousands of dollars for a piece he painted at the site if he had been given warning the property would be whitewashed.

Google Earth aerials showing location of 5Pointz development (CItyRealty)

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On Graffiti Mecca's Grave, 5Pointz's 47-Story Tower Nears Summit

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Price Cuts: "Big" screenwriter's Cobble Hill townhouse trimmed by $900K; Lantern House junior penthouse drops below $10M

Landmarks praises residential conversion/restoration of NoMad's Baudouine Building, Seeks revisions to rooftop addition

Paul Newman's parkside office sells 47% over ask; Pre-war condo conversions lead Manhattan sales

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