5 Pointz - Wikipedia
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5 Pointz: The Institute of Higher Burnin or 5Pointz Aerosol Art Center, Inc., mainly referred to as simply 5 Pointz or 5Pointz, was an American mural space at 45-46 Davis Street in Long Island City, Queens, New York City. When the building opened in 1892, it housed the Neptune Meter factory, which built water meters.
Jerry Wolkoff, a developer, bought the property in the early 1970s. He originally planned to develop the building, but instead leased the space to companies. Wolkoff started leasing the space as artists studios in the 1990s. The building exterior was covered with street art, and the building became renowned worldwide for the art on its wall. Originally known as Fun Factory, the building was renamed 5 Pointz in 2002 when the graffiti artist Jonathan Cohen began curating the exterior murals. The new name represents the confluence of the five boroughs of New York City. The murals were exhibited mainly on the exterior walls of the building, while the interior was occupied by about 200 artist studios.
In 2013, Wolkoff made the controversial decision to demolish 5 Pointz and replace it with a residential complex, resulting in protest. Without giving any warning, Wolkoff had the murals whitewashed overnight, which led the artists to file a lawsuit against Wolkoff. The 5 Pointz building was demolished completely in 2014. Construction on the new building complex started in 2015, with expected completion in early 2020. In February 2018, Wolkoff was ordered by a judge to pay $6.7 million in damages to 21 artists.