Wolkoff more than doubles affordable housing at 5Pointz

TRD New York /
Oct.October 03, 2013 02:57 PM

G&M Realty’s David Wolkoff, the developer behind a controversial plan to replace Long Island City’s graffiti-covered 5Pointz buildings with twin luxury high rises, has reached an agreement to more than double the number of affordable housing units included in the proposal.

Wolkoff said yesterday that the company will include 209 affordable apartments in the plan for 22-44 Jackson Avenue, an increase from the previously promised figure — 75 units, which Wolkoff pledged in June.

Wolkoff told members of the City Council’s zoning subcommittee that G&M would make its “best efforts” to rent the affordable units to area residents. He said he agreed to the alteration, along with a pledge that the development would create 1,000 union jobs, after talks with City Councilman Jimmy Van Bramer.

The planned building requires a zoning variance to build to the proposed height of 41 stories, but has drawn criticism from many in the community who defend 5Pointz as a landmark. The City Council and the city’s Department of City Planning need to approve the variance for the towers to move forward with construction.

The residential project would end the long tradition of lawful graffiti at the 5Pointz buildings, which are covered in graffiti works by artists both known and obscure.

Wolkoff and his father Jerry, who run G&M together, have said they would welcome 5Pointz artists back to curate the art walls in the future development, should the plan be approved.

But some local artists are not convinced.

“We do appreciate the effort made by David and Jerry, but the amount of wall offered is not enough — if anything, it’s going to remind people of what we’ve lost,” Marie Cecile Falageul, a 5Pointz volunteer who lives in the neighborhood, told DNAinfo.

Yesterday’s hearing was the first of two City Council hearings for the proposal. Another is planned for today, and the council could vote on the application as soon as next week, Van Bramer told DNAinfo. [DNAinfo]Julie Strickland


Related Articles

arrow_forward_ios

Long Island Cheat Sheet: Amazon’s LIC withdrawal causes development concerns, Central Islip rental project secures $65M in financing… & more

Long Island Cheat Sheet: 7K new construction jobs created on the island in the past year … & more

The wolf in Wolkoff: Why the developer isn’t budging on building a mini city on LI

Long Island Cheat Sheet: Tritec Real Estate ranked as the area’s top developer, Versailles-inspired mansion in Old Brookville listed at $60M … & more

5Pointz developer must pay artists $6.7M

Wolkoff lands $300M loan for the second phase of 5Pointz

Jury says Wolkoff broke law by destroying 5Pointz graffiti

Union workers slam Wolkoff over jobs pledge at 5Pointz

arrow_forward_ios