Back in October of 2015, the Landmarks Preservation Commission (LPC) approved plans to redevelop the multi-story Pavilion cinema, at 188 Prospect Park West, located on the corner of 14th Street in southern Park Slope, into a smaller movie theater and 24 condominium units. Those plans have now been scrapped entirely, in favor of a simpler renovation, the New York Times reported. The existing Pavilion structure, acquired by an anonymous LLC in August for $28 million, will be renovated to accommodate a Nitehawk Cinema, dubbed Nitehawk Prospect Park. The new theater will include seven screens for a total of 650 seats, two bars, dining services, and a restored interior atrium. Existing operations at the Pavilion will end in October, and the renovation is expected to take a year to complete. Hidrock Properties still owns the adjacent single-story property where an expansion would have occurred. Of course, any exterior alterations that go into the the cinema renovation will have to be approved by the LPC.
Excavation is complete and foundation work is now underway on a 16-story, 11-unit mixed-use building, technically listed as an expansion of the Park Avenue Christian Church’s five-story rectory. The address is 1010 Park Avenue, between East 84th and 85th streets on the Upper East Side. A photo of the site was posted to Twitter by the church’s neighbor, Regis High School. The project will measure 59,398 square feet and will incorporate some elements of the original rectory’s façade into its facade. The ground floor and two sub-cellar levels will be used by the church, and condominium units, averaging an opulent 5,043 square feet apiece, will take up the floors above. Extell Development Company is the developer and Beyer Blinder Belle is behind the architecture. A construction timeline is not currently known. Since the site sits within the Park Avenue Historic District, the Landmarks Preservation Commission had to approve the project, which happened in January of 2015.
JTRE Holdings is in contract to acquire the four-story J.P. Morgan & Co. Building at 23 Wall Street, located at the corner of Broad Street in the Financial District, for an undisclosed sum of less than $150 million, the New York Post reported. The structure, an individual landmark, has long been used as an office building, once housing the private offices of J.P Morgan himself. The 160,000-square-foot building currently sits vacant. Plans have not been disclosed for the property, although the developer specializes in retail. The Landmarks Preservation Commission must approve any exterior alterations. A 2015 proposal for a multi-function entertainment venue never came to fruition.
Media billionaire Sean Parker, of Naptster fame, has acquired, for an undisclosed amount, the five-story townhouse at 36 West 10th Street, in Greenwich Village. Parker also currently owns the five-story townhouse at 38 West 10th Street and the three-story townhouse at 40 West 10th Street. He plans to combine the three properties into a single-family mansion, the New York Post reported. The townhouse in the latest acquisition is currently under renovation and was set to be marketed for roughly $22 million. The assemblage is located within the Greenwich Village Historic District, which means the Landmarks Preservation Commission must approve any exterior alterations.
A pair of condo buildings is set to replace two stories of retail and office space on a sleepy residential block in the West Village. New building applications were filed over the weekend to erect two connected six-story buildings at 703 Washington Street, on the corner of Perry Street and a block east of the West Side Highway.