Plans to redevelop the site of the historic RKO Keith’s Theatre in Flushing are “progressing according to plan,” according to the property owner and developer, Xinyuan Real Estate.
“The company is in the selection process for the general contractor and expects to begin construction on this property in the first half of 2017,” a statement from Xinyuan, which is based in China, read. “The land allows for a mixed-use development comprising approximately 372,598 gross buildable square feet with approved plans.”
When Xinyuan purchased the property, located at 135-35 Northern Blvd. in Flushing, in August 2016, plans for a mixed-use development had already been approved by Community Board 7 in 2015. Those plans were put together under supervision of the property’s former owner, Jerry Karlik, of JK Equities, and were designed by architectural firm Pei Cobb Freed. The development calls for 269 condos, a 24-hour doorman, gym, tenant lounge, 305 space parking garage, landscaped courtyard, and ground-floor and second-floor retail space.
Xinyuan acknowledged the status and apparent adherence to Karlik’s development plans in its most recent statement.
“The property was formerly a performance theater with a landmarked interior known as RKO Keith’s Theater,” the statement read.
“Designs for the buildable development have been prepared by the architectural firm of Pei Cobb Freed.”