Excavation Underway at Former 5Pointz Site; Are NYC Rents Too High for SoulCycle?

• Excavation has begun at 22-24 Jackson Avenue to make way for the bland rental towers on the former site of graffiti mecca 5 Pointz. [Court Square Blog]
• Williamsburg is getting another Jenga-looking building. [Curbed]
• Amenities in rental buildings are catching up to the swanky offerings in condo and co-op residences. [NYO]
• Fitness behemoth SoulCycle recently announced its plans to go public, but could the NYC rental market stunt its growth? [NYDN]
• A possible development plan on Gansevoort Street would replace historic meat market buildings in the landmarked district. [Villager]

Images: The now-demolished 5Pointz and a rendering of 22-24 Jackson Avenue via HTO Architects (L); SoulCycle (R)