The city is once again shopping around for a developer to bring the dilapidated Loew’s Kings Theatre in Flatbush back to life, according to an article in the Post. Potential grand plans for the neglected building could extend further than simply getting the 63,000-square-foot structure in working condition again; the deal might include giving a developer air rights to build residential space, a boutique hotel and retail shops. The price tag for just restoring the theater is expected to cost a whopping $70 mil. The EDC has a video on its website (developer no like read?) about the building’s history that includes Marty Markowitz waxing poetic about how his first date was at the Wonder Theater. In all seriousness, though, it does seem high time for somebody to step up to the plate and hopefully broker a win-win: Brooklyn would get to see the revitalization of one its most magnificent structures, and a developer would get to make some cash off that work.
‘King’ of Rehabs? [NY Post]
Loews Kings Theater [EDC]
A Chance to Bring Back an Old Brooklyn Gem [Brownstoner] GMAP
Photo by marioletto.
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