Jerry Wolkoff, owner of the property on Jackson Avenue and Davis Street, said he hopes to begin demolishing the buildings in August after initially wanting to have started tearing down the site months ago, according to published reports. The demolition is expected to take up to three months to finish.
Wolkoff and his company, G&M Realty, hope to build two apartment towers—one 47 stories and the other 41 stories tall – with close to 1,000 rental apartments, 32,000 square feet of outdoor public space and 50,000 square feet of retail space between them.
In October, the City Council approved the developer’s proposal to build apartment towers to larger dimensions than allowed by current zoning rules.
Last November, Wolkoff ordered to have the building and all the aerosol work that covered it painted white overnight only a few days after artists and supporters held rallies looking to save the graffiti mecca and requesting the site be landmarked.
Wolkoff previously said the towers would include about 20 artist studios and outdoor walls designated for artists.
Wolkoff did not immediately respond to requests for comment.