The owners of what was once home to the iconic outdoor art exhibit 5Pointz – which has since been demolished completely – have reportedly announced that they will recycle the name for new residential towers taking its place.
Jerry and David Wolkoff of G&M Realty tried previously trademarking the name but the U.S. Patent and Trademark Office denied their request. A California-based real estate company had already trademarked the name.
However, they were able to register the name as a servicemark with the state, according to published reports.
The site, located at 45-46 Davis St. in Long Island City, will soon be the home of two $400 million luxury towers with 1,000 units divided between the two buildings.