It was a busy summer for Tarter Krinsky & Drogin (TKD), as the New York firm closed real estate deals that greatly improved the Big Apple’s culture and nightlife.
The firm represented Cayuga Capital in the joint venture behind the $55 million acquisition and development of the Brooklyn Mirage in East Williamsburg. The entertainment complex encompasses a 6,000-person, 80,000-square-foot site that includes indoor and year-round facilities. In addition to hosting the world’s top DJs, the Mirage will also host movie screenings, fashion shows and art events.
Led by construction practice chair David Pfeffer, the TKD team successfully solved various license and permit issues while satisfying the needs of the project’s construction lenders. The New York Times recently highlighted the club’s opening in a feature article, noting that the “nightclub opened [on July 1] as a architecturally ambitious destination for deep house and techno parties.”
Over in Flushing, Queens the firm represented Xin Development in its ability to transform the long abandoned RKO Keith Theater. The landmark has been shuttered closed since 1984 and Xin plans to restore the theater offsite and install a new residential building in its place.
The theater is surrounded by 21 properties owned by different owners, and TKD has been tasked to negotiate access agreements with each of them so that New York building code required protection can be installed during the demolition and the eventual rebuilding of the property. These complicated tasks required court proceedings with five of the neighboring properties. Construction partner Laurie Stanziale is handling the negotiation of the access agreements with assistance from associate Sean Scuderi.