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)