East End Capital

Lower East Side, New Developments

sunshine cinema, lower east side, closings, East End Capital, K Property Group

Rendering by Real Estate Arts via New York Times.

As planned, the beloved Sunshine Cinema‘s screens went dark for good Sunday night in fittingly dramatic fashion, after a 10:15 showing of “Darkest Hour.” The movie theater, which served as a cultural touchstone in the rapidly changing Lower East Side neighborhood for its offerings of independent and foreign films since 2001, will be demolished and replaced by a 65,000-square-foot nine-story office building, according to East End Capital, who, with K Property Group purchased the 30,000-square-foot building for $31.5 million last year. The New York Times recently showed new renderings of the theater’s replacement-to-be.

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Lower East Side, New Developments

landmark sunshine cinema, lower east side theater

Photo of the Landmark Sunshine Cinema, courtesy of Wikimedia

Plans to demolish the Landmark Sunshine Cinema, a staple of the Lower East Side since 1909, were filed with the city Wednesday. Although the new owners of the historic theater, East End Capital and K Property Group, planned in May to redevelop the space as a mixed-use building with retail and office space, the developers, who paid about $35 million for the site, have changed their mind, the Lo-Down reports. The demolition application calls for a “full demolition of a 3-story commercial building.” The iconic cinema’s doors will close for good in January 2018, when its lease expires.

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Lower East Side, New Developments

Lower East Side, Sunshine Cinema, Landmark Theatres

Photo via East End Capital

The Lower East Side will be losing a neighborhood fixture next year. Landmark’s Sunshine Cinema at 139-143 East Houston Street will be closing its doors when its lease expires in January 2018, to make way for a new mixed-use development with retail and office space. As the Post reports, the theater, which was built in 1889 and first opened in 1909 as the Houston Hippodrome, was sold for $31.5 million to developers East End Capital and K Property Group.

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