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11 Spring Street Update: Murdoch Blocked?

Renovation work on Nolita's 11 Spring Street, also known as The House that Lachlan Bought (for a cool $5.25 million!) isn't moving along as quickly as young Murdoch might have hoped, reports design blog Unbeige:

I've heard rumors on the block that Lachlan, connected as he might be, is having a hard time securing the proper permits to renovate this former stable. This is good news for street art lovers everywhere, because it means the facade continues to serve as one of the most legendary palettes (the other kind) for graffiti, posters, stickers and installations in the world.The latest 11 Spring Street art above, also courtesy of the Unbeigestress.
· Subtle Palette [Unbeige]