Jerry Wolkoff’s highly controversial project at 45-46 Davis Street, formerly the home of graffiti mecca 5Pointz, has finally begun demolition. In the past week, we’ve seen asbestos abatement crews working around the construction site.

It is the first major movement we’ve seen on these buildings since Wolkoff’s decision to whitewash the art back in mid-November. When all is said and done, there will be two luxury rental high-rises.