Goodbye N. 6th Street Faile Wall, Hello Condos

We snapped this photo on Sunday afternoon simply to capture some small changes on the "Faile Wall" on N. 6th Street between Wythe and Kent. Then, yesterday, upon returning from a summer blogging hiatus, our friend INSIJS reported that demolition started yesterday on this site. Definitely check out INSIJS' full post, which includes some interesting history of what has been a favorite posting spot for street art on N. 6th Street (he calls it a "Wailing Wall for street art fans") and a discussion of the future use of this and adjacent parcels. (You get two guesses and the short form of the word has five letters and starts with a "c" and ends with an "o.") So, the question of the day is: What will the market be for luxury condos directly across the street from the Music Hall of Williamsburg?