Why 5Pointz Couldn't be Saved; Construction on Staten Island's Giant Observation Starts in March

Why 5 Pointz Couldn’t Be Saved; Construction on Staten Island’s Giant Observation Wheel Starts Soon

By Diane Pham

February 4, 2015

Why 5 Pointz Couldn’t Be Saved; Construction on Staten Island’s Giant Observation Wheel Starts Soon

5 Pointz was once a legendary venue for street art, but today is nothing more than rubble. Why couldn’t the art icon be saved? [Failed Architecture]
Construction on Staten Island‘s New York Wheel will start next month. [DNA Info]
A duplex penthouse in the celebrity-filled El Dorado has hit the market asking $29 million. The home was once occupied by Nobel Prize-winning author Sinclair Lewis. [NYT]
In Bronx news: The borough saw a record $2.4 billion in residential sales in 2014. [Welcome2theBronx]
Look out below! Ice chunks were falling from atop the World Trade Center. [NYDN]
The real estate developer that scooped up Vice Media’s headquarters in Williamsburg is buying an adjacent building that houses another media brand. Plans are to put up a block-long office tower on the site. [Crain’s]

Images: 5 Pointz being demolished (L); The New York Wheel (R)

Explore NYC Virtually

More: Real Estate Trends

$50M penthouse is the last residence available at the Upper East Side’s famed Surrey Hotel

By Aaron Ginsburg

Manhattan's famed Surrey Hotel is making a comeback. Following bankruptcy proceedings, new owners, and a renovation, the 100-year-old Art Deco landmark at 20 East 76th Street on the Upper East Side reopened last month as a condo hotel, with 100 hotel rooms and 14 condos, part of the Surrey Residences. Now, after a whisper sales campaign, just one remaining apartment is about to hit the market: a three-bedroom duplex penthouse asking $50,000,000. The sprawling residence, the building's most expensive, offers 5,195 square feet plus 2,346 square feet across three terraces and a private rooftop.
tour the penthouse