The Real Deal New York

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
By Eddie Small | January 16, 2018 04:30PM

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.