RKO’s developer could double proposal size

TRD New York /
Sep.September 29, 2010 09:30 AM

RKO Keith’s Theater rendering

The Manhattan developer who has plans to turn Flushing’s landmarked RKO Keith’s Theater into a mixed-use apartment building is looking to bulk up his proposal with nearly twice as many units and parking spots as originally announced, according to the Daily News. While he has yet to file an application to adjust his plans with the city’s Board of Standards and Appeals, Patrick Thompson, who bought the 389,000-square-foot property for $20 million earlier this year, is said to be considering upwardly revising his proposal from 200 to 370 apartments and using car “stackers” in the planned garage in order to increase its usable parking space. A revision would mean more delays for the long-vacant theater, which closed in 1986. It had previously belonged to embattled developer Shaya Boymelgreen. who purchased it in 2002 with the intent of converting it to condos but lost it in a friendly foreclosure last year. [NYDN]

 

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