From Chris Wood:
Some good news for Broken Angel. My parents signed an agreement with Shaun Andersen, a local developer on Saturday. This agreement will remove the threat of demolition by the Department of Buildings. Our thanks to Letitia James, Brent Porter, Peter Grossman and Zerlize Goodman for their help in overseeing and mediating the agreement. Under the terms of the agreement my father will work with Shaun to redesign and develop Broken Angel as condominiums. The sale of these condominiums will pay for the work that is necessary to bring the building to code and allow my father to see his vision realized and completed. In addition a second building will be created at 8 Downing Street (the lot next door) that will become an arts space. My father chose to work with Shaun because from their previous friendship, he felt that given the current circumstances, this collaboration would offer him the best opportunity to contribute to the design of the building and keep the spirit and details of Broken Angel intact. A show of photographs and my father’s plans for the original and the re-envisioned Broken Angel are currently on display at Higgens Hall at Pratt.
This sounds like a fairly good solution to me. The building as-is is definitely unsafe inside, as far as moving around on the upper levels on ladders, etc. Seems this deal will help preserve the concept of the structure as well as provide for an arts space in the adjacent vacant lot.