Jerry Wolkoff, prolific New York developer, dies at 83

first_imgJerry Wolkoff (Photo by Studio Scrivo)Gerald “Jerry” Wolkoff, the brash and prolific New York developer, has died at 83.Wolkoff suffered a brief neurological illness and died Friday evening at his home in New York City. Long Island Business News first reported the news.Born on Nov. 8, 1936, the Brownsville-native began working at an early age, following his father’s death when Wolkoff was 11. In a 2018 interview with The Real Deal, he described how he and his two brothers had to help their single mother make rent each month.“We all went to work, and whatever we made we put into a pot,” he said. “Money was never a thing that we would concern ourselves with. We just wanted to make sure we had enough to eat.”ADVERTISEMENTWolkoff launched his real estate career in the 1960s, when he sold his floor-waxing business to fund the construction of two houses. He would eventually become one of the largest homebuilders in the five boroughs. His firm, G&M Realty, amassed a 12 million-square-foot portfolio in New York City and Long Island.Read moreThe Closing: Jerry WolkoffThe wolf in Wolkoff Though prolific in his own right, Wolkoff was a different breed of developer. He never went to college, and took a different approach to real estate investing than his Ivy League counterparts in the business.5Pointz before demolition (Wikipedia)“I build different than most of them because I’m not doing anything unless I know I can afford to build it with very little debt,” he previously said. “They know how to play the game in their offices, but fuck it.”Wolkoff is best known for owning 5Pointz, the iconic street art mecca in Long Island City — and the later “whitewashing” incident that landed him in court.The developer had purchased the former water-meter factory in the 1970s, and for 25 years allowed graffiti artists to use the structure as a canvas. But when he began planning a massive 1.3 million-square-foot mixed-use project on the site, tensions rose. Then, one night in 2013, Wolkoff had the site painted over. The action drew a lawsuit and a $6.75 million fine, which he had appealed.A strong advocate for business, Wolkoff was sometimes at odds with organized labor — his local City Council member, James Van Bramer, promised to never approve another of his projects after Wolkoff said he would not use union labor at 5Pointz.“So Jimmy Van Bramer doesn’t want to bother with me, whatever,” Wolkoff said in 2018. “All these people have term limits — eventually they’ll be out of here — and my children are young. Thank God for term limits for our industry.” (Wolkoff has previously said his plan was to pass G&M onto his sons, David and Adam.)The developer also rallied against the campaign that led Amazon to back out of bringing its headquarters to Long Island City.A rendering of Heartland Town Square (Heartland)Wolkoff’s firm has yet to break ground on Heartland Town Square in Brentwood, which would be New York’s largest planned community since Levittown, a project which the developer envisioned nearly two decades ago. The $4 billion proposal would see 9,000 apartments and 3 million square feet of office and retail space built on what is currently an abandoned state hospital.Wolkoff is survived by his wife of 59 years, Michele — the “M” in G&M Realty — and his sons, daughter-in-law and three grandchildren.David Wolkoff, who will helm the family firm with his brother, Adam, called his father a visionary.“He was full of dichotomies — focused and intense, but warm and generous,” said David Wolkoff. “But he still had time for everybody, not just high-level businesspeople and bankers, but the guy on the construction site.”The elder Wolkoff, who still drove a Prius and flew JetBlue despite his firm’s success, said he never planned to retire.“I hate sleeping,” he said. “People love sleep. What is that? Did you ever make one penny sleeping? Never.” This content is for subscribers only.Subscribe Nowlast_img read more

Liverpool eyeing winger to be fourth man to Mane, Firmino and…

first_imgItalian newspaper Tuttosport brings a few lines on Liverpool’s interest in the Juventus this Wednesday. As you can see in the picture attached below, most of the story is about Chelsea’s chase for striker Gonzalo Higuain, who could be following Maurizio Sarri to the Stamford Bridge.Then when speaking of the other Premier League clubs who are keeping an eye on the Old Lady’s squad, Liverpool get a mention.It’s claimed that the Reds are keeping an eye on Marko Pijaca, who could be a ‘fourth element’ added to the team’s iconic trio of Roberto Firmino, Mohamed Salah and Sadio Mane.Embed from Getty ImagesTuttosport doesn’t elaborate too much, but it’s very clear a transfer is possible.Juve want to raise funds because of the Cristiano Ronaldo signing, and a few days ago the newspaper published a list of players who are likely to leave.Pjaca was given a €25m price-tag, a 40% chance of moving to Fiorentina, 40% chance of signing for a Premier League club, 10% chance of going to Fenerbahce, and just a 10% probability of staying at Juventus.Pjaca spent the second part of the last season playing for Schalke 04 in Germany. Now as he returns to Juve and sees Cristiano Ronaldo as one more competitor for his position, it will be easier for Liverpool to sign Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is a Must-Have. No Install.Forge of Empires – Free Online GameUndoRaid: Shadow Legends | Free DownloadEven Non-Gamers Are Obsessed With This RPG Game (It’s Worth Installing!)Raid: Shadow Legends | Free DownloadUndoDating.comThe Most Handsome Guys In Hong Kong On This Dating SiteDating.comUndoStanChart by CNBC CatalystDigitization in Banks Is No Longer About Efficiency, but Business Resilience. Don’t Get Left Behind.StanChart by CNBC CatalystUndoInstant Voice TranslatorGenius Japanese Invention Allows You To Instantly Speak 43 LanguagesInstant Voice TranslatorUndoCNBC InternationalSingapore’s Freelancers Find New Income During the Coronavirus Pandemic.CNBC InternationalUndoKeto减肥1個簡單的妙招一夜「融化」腹部贅肉(今晚試試)Keto减肥UndoCNN with DBS BankWhat Banks Did To Help Corporations Mitigate Future CrisesCNN with DBS BankUndoTheTopFiveVPNEnjoy Netflix Now Without Any RestrictionsTheTopFiveVPNUndolast_img read more

Minneapolis bridge collapses; cars sent plunging into water

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! MINNEAPOLIS (AP) – An interstate bridge suddenly broke into huge sections and collapsed into the Mississippi River during bumper-to-bumper traffic Wednesday, killing at least six people and sending vehicles, tons of concrete and twisted metal crashing into the water. The Interstate 35W bridge, a major link between Minneapolis and St. Paul, was in the midst of being repaired when it collapsed. “There were two lanes of traffic, bumper to bumper, at the point of the collapse. Those cars did go into the river,” Minneapolis Police Lt. Amelia Huffman. “At this point there is nothing to suggest that this was anything other than a structural collapse.” Jamie Winegar of Houston said she was sitting in traffic when all of a sudden she started hearing “boom, boom, boom and we were just dropping, dropping, dropping, dropping.” The car she was riding in landed on top of a smaller car but did not fall into the water. She said her nephew yelled, “‘It’s an earthquake!’ and then we realized the bridge was collapsing.” Mayor R.T. Rybak said at least six people were killed. There were no immediate reports on the total number of injured, but Dr. Joseph Clinton, emergency medical chief at Hennepin County Medical Center, said the hospital treated 28 injured people _ including six who were in critical condition. Other hospitals also were treating the injured. Clinton said at least one of the victims had drowned. The arched bridge, which was built in 1967, rises about 64 feet above the river. An estimated 50 vehicles plunged into the water and onto the land below, the Star-Tribune reported. A burning truck and a school bus clung to one slanted slab. The bus had just crossed the bridge before it crumpled into pieces, and broadcast reports indicated the children on the bus exited out the back door. Christine Swift’s 10-year-old daughter, Kaleigh, was on the bus, returning from a field trip to Bunker Hills in suburban Blaine. She said her daughter called her about 6:10 p.m. “She was screaming, ‘The bridge collapsed,’” Swift said. She said a police officer told her all the kids got off the bus safely. Dozens of vehicles were scattered and stacked on top of each other amid the rubble. Some people were stranded on parts of the bridge that aren’t completely in the water. Melissa Hughes, 32, of Minneapolis said she was driving home across the bridge when she went down when the western edge in the collapse. “You know that free fall feeling? I felt that twice,” said Hughes, who was not injured. A pickup ended up on top of her car, partially crushing the top and back end. “I had no idea there was a vehicle on my car,” she said. “It’s really very surreal.” Many motorist could have been headed to the Minnesota Twins game scheduled not far from the bridge, but the game was postponed, team president Dave St. Peter said. Ramon Houge told the St. Paul Pioneer Press that he was on his way home from work on the bridge when he heard a rumbling noise, saw the ground collapse and cars go down. Traffic was bumper to bumper and hundreds of people would have been involved, he said. He said cars backed up as best they could and he parked in a construction zone and was finally able to turn around and drive off the bridge. “It didn’t seem like it was real,” he said. Local television stations captured video of injured people being carried up the riverbank. There was no official word on injuries, but dozens of rescue vehicles were there. Divers were also in the water. Workers have been repairing the 40-year-old bridge’s surface as part of improvements along that stretch of the interstate, the Minneapolis Star-Tribune reported on its Web site. Homeland Security Department spokesman Russ Knocke also said the collapse did not appear to be terrorism-related.last_img read more