5Pointz owner Wolkoff: “It’s my building, I can paint on it”

TRD New York /
Nov.November 19, 2013 04:12 PM

Why did Jerry Wolkoff, an owner and developer of 5Pointz, whitewash over the graffiti at the Long Island City site? Watching “the pieces go down piece by piece would be torturous,” he said.

With the option of imploding the building outlawed by New York City code, he told New York Magazine that he thought it best to just “go in and paint it one morning, and it’s over with.”

He cited a deep love for the building and the art atop it and called opposition to his firm G&M Realty’s plans to replace the complex with two rental towers “misguided,” and said he told police to be at the whitewashing because he didn’t want a confrontation.

But he pooh-poohed opponents’ renewed push to designate the site a landmark, saying it was something the artists would never get.

“They don’t want that anyway, they want to keep painting,” Wolkoff said. “With landmarks you can’t do anything. With the new building they can come back and keep expressing themselves.”

His new 47- and 41-story rental apartment buildings, Wolkoff said, will have “60-foot walls for them to come in and express themselves.” [NYM]Julie Strickland


Related Articles

arrow_forward_ios
Nearly 60% of condo units built in Long Island City, Queens, since 2018 remain unsold. (iStock)

“You’ve either made the wrong shoes, or you’ve made too many”: LIC faces a serious condo glut

“You’ve either made the wrong shoes, or you’ve made too many”: LIC faces a serious condo glut
Square Mile Capital’s Craig Solomon and Hackman Capital Partner's Michael Hackman with Silvercup Studios at 42-22 22nd Street in Long Island City (Hackman; AAK via Wikipedia Commons)

Hackman, Square Mile in talks to buy Silvercup Studios

Hackman, Square Mile in talks to buy Silvercup Studios
48-49 35th Street in Long Island City and North River Company's Forrest Mas (Google Maps, North River Company)

Maquette doubles space at Matsil Building in Long Island City

Maquette doubles space at Matsil Building in Long Island City
A rendering of the site at 44-02 Vernon Boulevard in Long Island City and Douglas Durst

Owners of LIC’s “Lake Vernon” notch win in tug-of-war with Durst

Owners of LIC’s “Lake Vernon” notch win in tug-of-war with Durst
Clockwise from top left: 190 Beach 69th Street, 47-20 Center Boulevard and 2505 Bruckner Boulevard

These were the top outer borough loans last month

These were the top outer borough loans last month
From left: Eagle Lofts at 43-22 Queens Street in Long Island City, 292 North 8th Street in Williamsburg and The Landing at 15 Bridge Park Drive in Brooklyn Heights (Credit: Rockrose Development, Stonehill & Taylor Architects and StreetEasy)

Rockrose’s $350M haul tops March list of outer-borough loans

Rockrose’s $350M haul tops March list of outer-borough loans
38-42 12th Street (Credit: Google Maps)

Joint venture plans 400K sf commercial project for LIC

Joint venture plans 400K sf commercial project for LIC
Real estate professionals say they are not shaking hands amid the coronavirus outbreak. (Credit: iStock)

Has coronavirus killed real estate’s “handshake deal?”

Has coronavirus killed real estate’s “handshake deal?”
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...