The landmarked but crumbling RKO Keith's Theatre in downtown Flushing, Queens, will officially be reborn as a residential rental complex.
Patrick Thompson, the latest in a series of developers to attempt to rejuvenate the theater, received the final approval needed to move forward with his plans to turn the 83-year-old property, located at the intersection of Main Street and Northern Boulevard, into a 17-story, 357–unit rental building. The Board of Standards and Appeals voted unanimously, 5-0, to approve the number of apartments in the complex.
“I am very delighted and look forward to starting construction,” Mr. Thompson said.
Mr. Thompson expects to start construction of the $160 million project as early as the end of the year.