Flushing To Get Its First Movie Theater In 30 Years With Tangram Development
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Thirty years is way too long to wait to get a movie theater, but Flushing need not wait anymore.
F&T Group and SCG America’s 1.2M SF mixed-use project, Tangram, is slated to have the neighborhood’s first movie theater since the RKO Keith’s Theater (pictured) closed in 1986.
Featuring four 15- or 16-story towers on top of a 225k SF retail base, the development will house 300 luxury condos; 80k SF of office space; a three-level, 1,200-spot parking garage; and a hotel with a rooftop beer garden, the Commercial Observer reports. The 130k SF ground floor will open to a 15k SF atrium with 32-foot-high ceilings, much like Brookfield Place’s Winter Garden.
The 34k SF movie theater will be on the retail portion’s first floor. The number of screens could be between six and eight, and seating ranges between 500 to 800. SCG Retail’s also considering “experiential theaters” with luxury dining.
The retail base could also have a 24k SF Asian-style food hall with 15 to 30 vendors and as many as 30 shops in 1,500 to 5k SF spaces, as well as a 10k SF and 15k SF space. SCG will start marketing the space Monday at ICSC, with asking prices ranging from $150/SF to $200/SF.
Tangram’s being built at 133-15 39th Ave, the former location of the Flushing Mall, which shuttered last year. The retail portion’s slated to open in 2018. [CO]