The Real Deal New York

City Planning approves condo plan for LIC’s 5Pointz

August 21, 2013 06:04PM


5Pointz in Long Island City

Two residential towers with retail space, outdoor art and possibly a swimming pool will soon take the place of the 5Pointz graffiti art site in Long Island City. The City Planning Commission voted unanimously to approve a plan to convert the street art mecca.

Developer David Wolkoff expressed a desire to tear down the artist warehouse by the end of the year — and 5Pointz artists are planning a rally in its defense.

Along with a vote for the new development, which will include “some affordable housing,” the commission approved zoning changes for a $1 billion Hallets Point project along the Astoria waterfront. A grand total of 2,600 units are part of the plan, which received commission-level approval today, following Community Board One’s vote of support in May.

Jamaica High School and the Forest Park Carousel were also approved as landmarks, following up on the Landmarks Preservation Commission’s vote to designate the two structures in June. [Brownstoner]Julie Strickland

  • Manhattanite

    This is great news for the city. In addition to affordable housing under the city’s definition of low-income affordable, this building will also add to what is currently very small inventory in the 400k-800k range that is affordable to mid-income everyday workers.

  • RN

    No it’s not great news for the city, dummy.