It’s the biggest show on the block since James Brown played The Apollo.
At the end of August, Danforth Development announced that it had found a partner to move forward with its plans to develop two 26-story towers above the century-old Victoria Theater. The project has been in the works for years now, a pet project of local politician Keith Wright. A new hotel and apartment building are meant to sustain a clutch of cultural institutions on the first few buildings of the complex, and things were well underway until the recession hit.
Now, Exact Capital is pitching in $100 million to get the project off the ground. Way off the ground.
AM New York today examines the controversy surrounding Harlem’s shuttered Victoria Theater:
Local developer Steve Williams of Danforth Development Partners, LLC, wants to transform the 1917 burlesque theater into a 30-story condo/hotel, cutting up the ornate 2, 400-seat theater into two mini-theaters while preserving the facade and parts of the lobby.
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The fight for Harlem’s Victoria Theater began back in December of 2005, when 11 developers submitted bids to convert the shuttered vaudeville house into a mixed-use cultural building. The board of the Harlem Community Development Corporation, which was chaired at the time by Democratic Assemblyman Keith Wright, narrowed the choices down Read More