Xinyuan Real Estate Co

In a rare case, the RKO Keith's Flushing Theater is an interior landmark, but the building it's inside is not landmarked. Built in 1928 to the designs of noted theater architect Thomas Lamb, the elaborately ornamented Churrigueresque-style movie palace has sat decrepit for the past three decades, until Chinese firm Xinyuan Real Estate (they're also behind Williamsburg's Oosten condo and the forthcoming Hell's Kitchen condo that will be anchored by a Target) bought the vacant theater for $66 million last year with plans to develop it into a 269-unit luxury condo. Moving ahead with this vision, they've tapped Pei Cobb Freed & Partners and preservation specialists Ayon Studio to erect a 16-story glass tower at the site, which includes plans to "enclose the interior landmark, and to disassemble, restore off-site, and reinstall salvaged ornamental plasterwork and woodwork and replicas" in a new residential lobby. Despite some opposition from the Historic Districts Council (HDC) regarding public accessibility, the Landmarks Preservation Commission voted in favor of the plan, congratulating the architects and expressing great admiration for their design.
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