This fun video arrived in our inbox of local breakdancers at 5Pointz last month, and includes views of some of the graffiti art on the walls of this industrial building which is currently the world’s premiere “graffiti Mecca.” 5Pointz has a some great nicknames – “The Institute of Higher Burnin” is the one the delights us in particular.
This building is scheduled to be demolished next fall. Sunnyside Post reports that September 2013 is when the wrecking ball arrives. David Wolkoff, owner of the building that is 5Pointz, provided this info to the CB2 Land Use Committee over the summer:
He told the committee that he planned to erect two residential towers that would contain 1,000 rental units. One tower would be 47 stories high, while the other 41 stories. As part of the development, there would be between 25,000 and 30,000 sqf. of retail space.
Wolkoff said that 55% to 60% of the rental units would be 1 bedroom apartments; 20% studios; and the balance, 2 bedroom or loft-style apartments. At this point, the apartments will be rented at market rate, which is at about $30 per sqf., Wolkoff said.
He also said that the development “will include walls that graffiti artists can use to display their art and there will be a small number of artist studios.” His family has owned the building for decades but believes “now is the appropriate time to pursue residential development.”