Thursday, September 19, 2013

Midway Theater sold

From The Real Deal:

A group of local New York City real estate investors including BLDG Management’s Lloyd Goldman, Eric Roth of Brick Capital and Eastern Consolidated’s Brian Ezratty have purchased the famed Midway Theater retail building in Forest Hills for $20.5 million, Roth told The Real Deal.

The two-story, 48,400-square-foot property, at 108-22 Queens Boulevard and 71st Road, is currently home to the United Artists Regal Cinema multi-screen movie theater. It was built in 1940 as a 1,933-seat single screen theater.

The partnership plans to maintain the building as a theater, since the tenant has a long-term lease, but the building might eventually be seen as a development opportunity.

And speaking of Forest Hills:

Forest Hills residents say groups of rowdy teens are plaguing the area near a McDonald's on Continental Avenue, where two stabbings took place last year.

Cops said that extra patrols have been dispatched to monitor Austin Street and the area around the restaurant ever since.

Last September, there were two stabbings in front of the restaurant, said Capt. Thomas Conforti, the commanding officer of the 112th Precinct.

“We’ve also partnered up with McDonald's to actually remove unwanted patrons from their establishment,” Conforti said.


Alen said...

can't say i'm surprised. i live close by and my first choice is to take the train into manhattan to catch a movie

Anonymous said...

With all of the crap coming out of Hollywood over tha past decades, many theaters are having financial difficulties ...hundreds of theaters across he U.S. have closed .
If the developer could keep at least 2 of the 9 screens in their future plans, it may be a good idea and woud be positively received by the community

Anonymous said...

Just what Forest Hills needs.

Anonymous said...

Fast food establishments have always been a haven for rowdy young kids. Besides being bad for your health, the environment (most litter is from fast food), now it is bad for the community.