Landmarks approves Hidrock’s restoration plans for site next to Park Slope cinema

Developer plans to restore 192 Prospect Park West's appearance back to early 20th century

New York /
Jan.January 16, 2018 04:30 PM

Steven Hidary and a rendering of 192 Prospect Park West

The Landmarks Preservation Commission has approved Hidrock Properties’ plans for their Park Slope site next to the closed Pavilion cinema following years of controversy over whether the property would become condominiums.

Hidrock, run by the Hidary family, plans to use the vacant one-story building at 192 Prospect Park West for retail and will restore the property to how it looked in the early 20th century, according to project architect John Field. The commission had approved a six-story condo building for the site in 2015, but the community was vehemently opposed to the plan.

Hidrock ultimately backed away from the condo idea and decided to sell the property adjacent to 192 Prospect Park West in 2016 to an investor group that is leasing the property to Nitehawk cinema. The investor group paid $28 million for the theater and has said it’s pumped $10 million into renovations.

The theater will have 650 seats between seven theaters, with an expected opening date in the second quarter of this year. Hidrock also hopes to have the retail project completed by the end of the year.


Related Articles

arrow_forward_ios
The Strand Bookstore and store owner Nancy Bass Wyden (Credit: Getty Images)
Over owner’s protests, city landmarks Strand bookstore
Over owner’s protests, city landmarks Strand bookstore
Revamped design for 550 Madison receives Landmarks’ approval
Revamped design for 550 Madison receives Landmarks’ approval
Revamped design for 550 Madison receives Landmarks’ approval
The Top 10 preservation fights of 2018
The Top 10 preservation fights of 2018
The Top 10 preservation fights of 2018
A rendering of River Ring and Two Trees' Development Principal Jed Walentas (River Ring, Marc Skrivo)
Two Trees’ massive project eyes “mad dash” to approval
Two Trees’ massive project eyes “mad dash” to approval
Aurora Capital Associates and Midtown Equities secure $44M loan for Brooklyn Heights apartment building
Aurora Capital, Midtown Equities secure $44M loan for Brooklyn project
Aurora Capital, Midtown Equities secure $44M loan for Brooklyn project
34 Desbrosses Street and Related CEO Jeff Blau (StreetEasy, Getty)
Related scores $258M Blackstone loan for luxury Tribeca apartment building
Related scores $258M Blackstone loan for luxury Tribeca apartment building
NYC newcomer Grubb Properties plans 317 units in LIC
NYC newcomer Grubb Properties plans 317 units in LIC
NYC newcomer Grubb Properties plans 317 units in LIC
126 East 57th Street and Rotem Rosen of MRR Capital (Google Maps)
Rotem Rosen plans 28-story Billionaires’ Row condo building
Rotem Rosen plans 28-story Billionaires’ Row condo building
arrow_forward_ios

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

Loading...