Park Slope’s Grand Prospect Hall Sells for $30 Million Along With Other Nearby Properties

The building in 2007. Photo by Kate Leonova for PropertyShark

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Grand Prospect Hall, the beloved Renaissance Revival banquet hall in Park Slope, sold for $30 million in June as part of a large assemblage of 12 different properties along Prospect Avenue.

PincusCo was the first to report the news of the sale.

Records show that Angelo Rigas is the new owner (under the name Gowanus Cubes). Future plans for the site are unclear, and no permits have been filed on any of the properties.

Located at 263 Prospect Avenue, the banquet hall was constructed in 1892, before being rebuilt in 1901-1902 after a fire. The glitzy turn-of-the-last-century venue is well known for hosting weddings, bar mitzvahs, its double grand sweeping staircases, and its advertising slogan “We’ll make your dreams come true.”

In 2011, the former owners of Grand Prospect Hall, Michael and Alice Halkias, known locally for their late-night local commercials, proposed an eleven-story hotel addition to the building that was met with fierce opposition from the local community.

Michael Halkias passed away from complications of the coronavirus in May 2020 at the age of 82.

According to The Real Deal, the owner’s father, Gregory Rigas, has developed a number of projects in Brooklyn, including a rental tower at 574 4th Avenue, just two blocks away from Grand Prospect Hall.

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