Thursday, May 25, 2017

A celebratory ad on the purchase of 139 E. Houston St., current home of the Sunshine Cinema



News broke last week that developers East End Capital and K Property Group bought 139 E. Houston St. for $31.5 million. As the Post reported, the current tenant here, the Landmark Sunshine Cinema, will close when its lease expires in January 2018.

On Tuesday, the involved parties took out a full-page ad in the Post (thanks to Blue Glass for the photos)...







The partners say they look forward to a "transformative retail future." Given the negative reaction to news of the Sunshine's demise, some local residents likely won't be offering their congratulations.

Patch had an update last evening on the building's future:

Greg Kraut, a managing partner at K Property Group, did not confirm to Patch rumors of the theater's imminent closure, but noted that the cinema's lease would expire in 2018, and that the developers would look to fulfill "whatever the community thinks" the space should be used for.

And Landmark's position?

"We have been notified that the building was sold and we certainly hope to operate for as long as the new owners go through the permitting process with the city," a spokeswoman for the Landmark Theatres company said in a statement.

The Sunshine opened here between Forsyth and Eldridge in 2001.

Previously on EV Grieve:
Report: Sunshine Cinema on East Houston to close in January
at

6 comments:

  1. JohnMay 25, 2017 at 9:21 AM

    New York's hottest new club is SIGNAGE

    This place has everything$10 water, bro-tinis, and Lady Guyguy. You know, the midget love child of Lady Gaga and Guy Fieri.

    ReplyDelete
  2. GojiraMay 25, 2017 at 9:56 AM

    Greg and Rod. Their very names make them sound like tools.

    ReplyDelete
  3. AnonymousMay 25, 2017 at 10:23 AM

    Gojira, I heartily agree. "[T]ransformative retail future," WTF does that mean? Sounds like a threat.

    ReplyDelete
  4. AnonymousMay 25, 2017 at 11:58 AM

    What a dead-ass, boring-ass street E.Houston St. is.

    ReplyDelete
  5. cmarrtyyMay 25, 2017 at 12:13 PM

    What is this? Rubbing our collectives noses in it? Or just putting salt in the wound? Developers only care about money not the community. And the community they create is anathema to the EV.

    ReplyDelete
  6. AnonymousMay 25, 2017 at 4:01 PM

    Retail is dying faster than culture in the East Village. This place will try some "Transformative retail" for a few years and after that fails, demolish and sell bland over priced condos.

    ReplyDelete

Your remarks and lively debates are welcome, whether supportive or critical of the views herein. Your articulate, well-informed remarks that are relevant to an article are welcome.

However, commentary that is intended to "flame" or attack, that contains violence, racist comments and potential libel will not be published. Facts are helpful.

If you'd like to make personal attacks and libelous claims against people and businesses, then you may do so on your own social media accounts. Also, comments predicting when a new business will close ("I give it six weeks") will not be approved.