5Pointz developer must pay artists $6.7M

Judge ruled that Jerry Wolkoff violated obscure law

TRD New York /
Feb.February 13, 2018 08:01 AM

The whitewashed graffiti at 5Pointz, David and Jerry Wolkoff

A federal judge on Monday awarded 21 5Pointz artists $6.7 million, finding that developer Jerry Wolkoff wrongfully painted over their work at the graffiti mecca without warning.

Judge Frederic Block ruled that Wolkoff violated the Visual Artists Rights Act by whitewashing over the graffiti at his buildings at 45-46 Davis Street in Long Island City, the New York Daily News reported. The decision, which follows a jury ruling in Wolkoff’s favor in November, covers 45 pieces that were abruptly painted over in 2013.

“If not for Wolkoff’s insolence, these damages would not have been assessed,” Wolkoff wrote. “If he did not destroy 5Pointz until he received his permits and demolished it 10 months later, the Court would not have found that he had acted willfully.”

Wolkoff’s attorneys had argued that the artists knew for some time that their work would be destroyed.

Last week, the developer secured $300 million from the Bank of Ozarks to start the second phase of the project, which will span a total 1.2 million square feet. The first phase, well underway, includes 1,115 residential units.
[NYDN] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
The proposal to rezone Industry City in Brooklyn was unveiled five years ago, but collapsed under political pressure (Courtesy of Industry City)

Here’s how Industry City’s controversial rezoning unraveled

Here’s how Industry City’s controversial rezoning unraveled
731 Lexington Avenue and 410 East 61st Street (inset) with Vornado's Steve Roth (Googel Maps; VNO)

Home Depot eyes former Bed Bath & Beyond space on First Ave

Home Depot eyes former Bed Bath & Beyond space on First Ave
Ian Schrager and the Pulic Hotel at 215 Chrystie Street (Getty; Google)

$60M mezz loan on Ian Schrager’s Public Hotel is for sale

$60M mezz loan on Ian Schrager’s Public Hotel is for sale
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
Signature Bank CEO Joseph DePaolo and New York Community Bank CEO Joseph Ficalora (Photos via Getty; Facebook; iStock)

NYC’s multifamily lenders see shares tumble in 2020

NYC’s multifamily lenders see shares tumble in 2020
The analysis predicts that office vacancies across the world will continue upward (iStock)

Report: Office market won’t return to glory until 2025

Report: Office market won’t return to glory until 2025
Korean wave pours into U.S. commercial real estate

Korean wave pours into U.S. commercial real estate

Korean wave pours into U.S. commercial real estate
The Martinique hotel (Wikipedia, Google Maps)

Operator of Martinique Hotel in Manhattan files for bankruptcy

Operator of Martinique Hotel in Manhattan files for bankruptcy
arrow_forward_ios

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

Loading...