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Here’s what will replace Sunshine Cinema on the LES

Office building is planned for LES site

From left: Marque at Sunshine Cinema (credit: Wikimedia Commons) and rendering of office space set to take its spot (credit: Real Estate Arts)
From left: Marque at Sunshine Cinema (credit: Wikimedia Commons) and rendering of office space set to take its spot (credit: Real Estate Arts)

After nearly 20 years of screening independent and foreign films, Sunshine Cinema has closed its doors.

The Lower East Side theater’s new owners, K Property Group and East End Capital, plan to demolish the building to make way for boutique office space. Sunshine screened its last movies on Sunday, the New York Times reported.

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Tim Nye, who obtained the lease to the building in 1994 and reopened it as a movie theater in 2001, told the Times that the theater was “doing incredible” financially but was also paying $8,000 each month. The rent was expected to rise at the end of the theater’s 25-year lease on Jan. 31.

“It’s the economics. We cannot pay market rent,” Nye said. “But we knew this day was coming from Day 1. It was a good run.”

East End and K Property bought the property last year for $31.5 million. The developers plan to build a nine-story office property in the theater’s place. [NYT] — Kathryn Brenzel

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