From the Wall Street Journal:
The West Side Tennis Club in Queens has proposed that a developer with deep local roots transform its famous but aging tennis stadium into luxury condos.
The Wall Street Journal reported last month that the club was looking to sell the stadium, a decaying landmark that was home to the U.S. Open until the late 1970s. Now the club has disclosed the proposed buyer for the stadium parcel, which is about 2.5 acres, is Cord Meyer Development Co., which could pay as much as $9 million for the site.
If approved, Cord Meyer plans to keep part of the stadium intact and build residential units within the structure. "The facade of the stadium, arches, etc., will be retained and have been incorporated into the design," according to an email sent to club members July 31.
The final purchase price would depend on how many condo units are approved by the city. An informational meeting to be attended by an architect with a model and renderings is scheduled Aug. 10. A vote on the sale, requiring approval by two-thirds of members with voting rights, is planned for Aug. 19.