In November 2013, in the middle of night, painters blanket 5Points with white paint, destroying decades of street art in the span of a couple of hours. The order was given by Jerry Wolkoff, who bought the Long Island City-based buildings in 1971.
In 2014, he formally destroyed the buildings, paving the way for -- surprise, surprise -- two luxury towers to be built in its place. [...]
What the renderings showed insulted supporters of the 5Pointz. Mojo Stumer implement all of this antiseptic-looking graffiti in the halls, including a garish-looking 5Pointz sign that will be featured throughout the two properties. Luxury building using faux-graffiti isn't anything new, but there is an extra tone-deafness here, once the history of the property is considered.
"To the 5Pointz community, for him to name the building 5Pointz and to use a mock-up of a logo of ours, we feel the disrespect continues."
Wolkoff, who spoke to DNA New York, said: "It's my building, and I let them express themselves for 25 years...I loved what they did. I have no animosity."
It's so cool that the clearly aggrieved party here "has no animosity". I am reminded of the museum scene in Children of Men:
This may give New York real estate developers a bad name.
Did you ever think New York real estate developers had a good name?
... or any real estate developers for that matter?
The irony, of course, is that Buttersea power plant has been destroyed.
there once was a squat in an abandoned factory in Milano (italy)... after ~10 years of activity they got evicted for some really urgent development project.
5 years later the place was finally razed to the ground to make place for a new luxury commercial building.
Some genius had the brilliant idea of opening a restaurant in the building and call it exactly like the old squat and use the names of some of the collectives that did stuff at the squat for 20$ cocktails.