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

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
A photo illustration of Tishman Speyer CEO Rob Speyer and 28-10 Jackson Avenue in Long Island City (Getty Images, Tishman Speyer, Google Maps)
LIC tenant claims Tishman Speyer violated rent stabilization
LIC tenant claims Tishman Speyer violated rent stabilization
Carmel Partners' Ron Zeff and a rendering of the LIC project (Getty Images, Carmel Partners, Privcap)
Carmel Partners nabs $364M loan for Queens development
Carmel Partners nabs $364M loan for Queens development
Chris Jiashu Xu and the Skyline Tower (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images, Jim.henderson, CC BY-SA 4.0 - via Wikimedia Commons)
Skyline’s $1B slog: The quest to sell out Queens’ tallest building
Skyline’s $1B slog: The quest to sell out Queens’ tallest building
From left: Century Development's Group’s George Xu and City/Rybak Development’s Sergey Rybak with 78-29 Austin St./11-36 45 Road
Rybak, Century file to build Queens multifamily projects
Rybak, Century file to build Queens multifamily projects
Tavros Capital’s Nicholas Silvers and Charney Companies’ Sam Charney in front of 24-05 thru 24-19 Jackson Avenue in Long Island City (Getty Images, Tavros Capital, Charney Companies, Google Maps)
Tavros, Charney plan 55-story rental on long-stalled site
Tavros, Charney plan 55-story rental on long-stalled site
IPG's Andrew Chung with rendering 23-30 Borden Avenue (Innovo Property Group)
Andrew Chung lands major refi for LIC last-mile project
Andrew Chung lands major refi for LIC last-mile project
Knickpoint Ventures' Matthew Sprayregen with 160 John Street and 37-19 Crescent Street (Knickpoint Ventures, Google Maps)
Sprayregen son sells self-storage for $56M payday
Sprayregen son sells self-storage for $56M payday
38-59 11th Street in Long Island City (Gene Kaufman Architect, iStock)
Daryl Hagler books $63M Long Island City hotel sale
Daryl Hagler books $63M Long Island City hotel sale
arrow_forward_ios

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

Loading...