RKO, Main Street & Manhattan Boulevard, Flushing, New York Interactive Development Manhattan Boutique


Interactive Development Associates assisted the Vintage Group in negotiating the purchase of the RKO Theater Site on Main Street in Flushing, NY from foreclosure at Doral Bank in December 2011. Throughout 2012‐2013, IDA assisted Vintage in restructuring project from a luxury condominium to a viable rental project by redesign and negotiating the approvals at the NYC Board of Standard and Appeals, the NYC Department of Buildings and the Federal Aviation Agency. Throughout 2013 IDA worked with Vintage to create a viable financing structure and selecting equity partners. In December 2013, IDA was instrumental in assisting in the sale of the improved property to a local development group and helping Vintage secure a 100% return on their investment.