Tuesday, December 1, 2009
Art Crane Street Studios at 5Pointz Closing, For Good This Time, Graffiti Center Remains
Posted by Benjamin Sutton on Tue, Dec 1, 2009 at 8:46 AM
An executive from G&M Realty, which has owned the building for 37 years, told the Queens Chronicle last week that despite some $200,000 in recent repairs it would still take $1 million to bring the building up to code, partly because they never obtained a permit to convert the building from a factory into studios in the first place. At about $300 per month, rent for the studios was among the lowest in LIC, and the company made no money off the building. Said the anonymous exec:
It’s more than sad—it’s terrible. You had people that couldn’t afford to go other places. I literally cried to the Buildings Department because I felt so bad for the artists.
Terrible indeed. The building will return to its former function as a factory shortly, but will reportedly (see comments below) continue to function as a venue for graffiti artists, so all is not lost. (liQcity)
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