Curbcut in talks to sign movie theater at Sunnyside project

Developer and partners negotiating with chain to take 38K sf

TRD New York /
Jan.January 11, 2017 08:00 AM

Curbcut Urban Partners is negotiating with a movie theater to lease 38,000 square feet of retail space at its eight-story medical-and-office building planned for Sunnyside.

The developer is in talks with a movie theater chain to take the space covering the first and second floors of the 146,000-square-foot development at 38-01 Queens Boulevard, company president and CEO Aaron Malinsky told the Commercial Observer.

“There’s an incredible need for a movie theater,” Malinsky said. “There’s one in Astoria and after that it’s silent.”

The Sunnyside Center Cinemas, which was located five blocks away from the development, closed in January 2015 and independent movie theaters have been struggling to stay afloat amid competition from big multiplexes, according to the news website.

The remaining 2,000 square feet of retail space in the building will likely be rented to a smaller retailer. Asking rent for the retail space is around $75 per square foot.

Curbcut is developing the $70 million project, called QB38 Tower, through a joint venture with Platinum Realty Associates TRData LogoTINY and RW Real Estate Group, which bought the development site in 2015 for $12.1 million. [CO]Rich Bockmann


Related Articles

arrow_forward_ios
45-10 19th Avenue in Long Island City (Credit: Google Maps)

Broadway Stages plans another Queens film studio

Charney Construction and Development's Sam Charney and 45-03 23rd Street in Long Island City (Credit: Charney Construction, Google Maps)

Charney Construction & Development branches out

Scott Rechler and clockwise from top left: 2455-2457 Third Avenue, 150 West 48th Street and 42-11 9th Street (Credit: Google Maps, Getty Images)

RXR’s Long Island City development was the biggest new project filed in December

Savanna's Chris Schlank and One Court Square (Credit: iStock)

One Court Square recapitalized in $880M deal

A rendering of Hunters Point South

Developers score at least $446M in city financing for LIC development

RXR CEO Scott Rechler and an aerial view of the site (Credit: Getty Images, Google Maps)

RXR plans 21-story LIC office building with manufacturing incentives

King Street Properties’ Rob Albro, Eric Gural and 45-18 Court Square in Queens (Credit: GFP Real Estate, King Street Properties, and LoopNet)

GFP partnership lands $156M loan to build LIC biotech center

A rendering of 22-43 Jackson Avenue (Credit: StreetEasy)

Trader Joe’s heading to Long Island City, brokers confirm

arrow_forward_ios
Loading...