On January 11th, 2007 it was announced that Arthur Wood had partnered with local real estate developer Shahn Andersen to renovate Broken Angel, build a new addition to its side, and convert the building to residential condominiums and artist space.
Brooklyn artist Arthur Wood originally purchased the 4-story brick tenement building in 1972 for $2,000. He lived in the house with his wife Cynthia and raised their son Christopher who is now a stone carver. The artist explored ideas about design and vernacular architecture with improvised construction to add new floors and rooms to the original building, to the point where the structure reaches 104 feet, or about 9 stories above the sidewalk. The site has been compared to Watts Towers in Los Angeles for the ad hoc construction and is acknowledged for its value as folk art and as part of the cultural heritage.