UWS Metro Theater to become retail complex

TRD New York /
Jan.January 04, 2012 12:30 PM

The long vacant Art Deco Metro Theater at 2626 Broadway, between 99th and 100th streets, is set to be reborn as a retail destination, after owner Albert Bialek filed an application with the city’s Department of Buildings in late December 2011 for a $900,000 renovation that will convert the interior of the 79-year-old theater, DNAinfo reported. A retail tenant has already signed on to lease the space, which has been empty for six years, though the identity of the store was not immediately available. “It’s something that everyone in the neighborhood will love, I think,” Bialek said.

Last year, Bialek, president of real estate consulting firm Albert Bialek Associates, gained control of the Metro, an Upper West Side landmark, from leaseholder John Souto. Souto had a 49-year lease on the property, which had formerly served as a pornography house, art-house movie theatre and two national cinema chains.

It was previously reported that Bialek was shopping around the building to potential tenants, including Urban Outfitters. [DNAinfo]

 

Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
20 Times Square and Maefield Development’s Mark Siffin (Edition Hotels)

Times Square Edition to reopen as Maefield clears up debt dispute

Times Square Edition to reopen as Maefield clears up debt dispute
RTW Retailwinds CEO and CFO Sheamus Toal and a New York & Company store (Getty, LinkedIn)

New York & Company parent files for bankruptcy

New York & Company parent files for bankruptcy
Related’s Jeff Blau, 1085 Colgate Avenue and 1050 Wheeler Avenue (Getty, Google Maps)

Related sells two more pieces of vast Bronx multifamily portfolio

Related sells two more pieces of vast Bronx multifamily portfolio
Clipper Equity's David Bistricer with 77 Commercial Street and Shorewood's S. Lawrence Davis with 160-05 Archer Avenue (REIT, Google Maps)

June’s biggest outer-borough loans led by $386M for Greenpoint

June’s biggest outer-borough loans led by $386M for Greenpoint
 Thomas Barrack, Sheraton San Jose Hotel in Milpitas, CA, Residence Inn Cypress Los Alamitos (Getty, Google Maps, Marriott)

Colony Capital may lose control of 2 largest CMBS hotel portfolios

Colony Capital may lose control of 2 largest CMBS hotel portfolios
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...