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5 Pointz, New York City's Mecca For Graffiti Artists, Officially Set For Demolition 5 Pointz, New York City's graffiti mecca, is finally and officially set for demolition. Two large apartment complexes will take its place. The New York City Council unanimously approved the plan for the $400 million project on Wednesday. The owner of 5 Pointz is Jerry Wolkoff, who submitted formal redevelopment plans in 2011. G&M Realty will construct the apartment complexes, which will consist of 1,000 total units. In a statement, the council said they could not save the site because it is priv...
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