Fallen Angel

Arthur Wood plans to raise the money to preserve the code violation/sculptural element atop his Clinton Hill building by working with developers to turn the property into condos:

Broken angel will soar again, even higher than before, provided Brooklyn’s real estate prices stay in the stratosphere.

Artist Arthur Wood has cut a deal to save his eccentric Clinton Hill creation — one that envisions condos under a rebuilt rooftop sculpture.

“It will be taller, more majestic. We may even light it up at night, and it will be nicer,” Wood, 75, said yesterday.

He rejected offers of as much as $1.8 million that would have destroyed the 108-foot building in favor of one that will preserve it, he said.

He may even lose money, depending on how the condos sell, he added.

“It was tempting to take the money and leave, but I couldn’t do that,” Wood said. “The building is a living entity, and I wasn’t about to abandon it.”

Local developer Shahn Andersen agreed Saturday to buy a 50% stake in the structure, financing the rebuilding of Wood’s creation with potential profits from condos.

“I told Arthur that even if he wasn’t going to partner with me, he needed to do whatever it was going to take to save Broken Angel,” Andersen said.

Chris Wood, Arthur’s son, said his family’s first preference had not been condos — which he called “the nasty C-word” — but rather to create a museum. However, no benefactor had stepped forward.

The deal will allow Wood to meet the city’s deadlines to demolish the parts of Broken Angel that pose a fire hazard, Andersen said, estimating that resurrecting Broken Angel will cost a few million dollars.

(Don’t believe their lies!)