Huang ownership By the 1980s, Flushing's white population was moving out, while its Asian population grew drastically, particularly in
Flushing's Chinatown. Huang then acquired the RKO Keith's for $3.4 million. Huang, a Taiwanese-American developer who had turned Flushing into "New York's second Chinatown" over the preceding decade, downtown Flushing did not receive another movie theater for 35 years. Residents expressed concerns over Huang's acquisition of the theater, as he had publicly announced plans to demolish the auditorium. Huang said the theater was "a junk building"; he had to erect
sidewalk sheds on Northern Boulevard because part of the facade had begun to fall off. The Committee gained support from the
Theater Historical Society, Queens Historical Society, New York Landmarks Conservancy, Queensborough Preservation League, and State Senator
Frank Padavan. The Queens Historical Society wrote a letter to the organization's founder, Jerry Rotondi, saying, "The Committee's work to protect a recognized landmark from insensitive development and inappropriate use... [is] very commendable." Early that March, after most of the auditorium had been demolished, the
New York City Department of Buildings issued an order demanding that Huang stop all work on the theater. The stop-work order came after the inspectors found that three of the landmarked columns in the ticket lobby had been destroyed. The construction permit was also revoked. The stop-work order remained in place for the next several years.
Further deterioration At the start of 1989, two sets of bronze doors were stolen from the theater along with their frames, and Rotondi requested a thorough inspection after realizing that someone had penetrated the wooden barrier surrounding the theater. Preservationist Richard McTighe and Huang decided that a gate should be erected to separate the landmarked interior from the rest of the site. but withdrew his application shortly afterwards. Huang indicated the next month that he wanted to sell the theater. Local residents started a petition to preserve the theater, which garnered 3,500 signatures. A fire was set inside the empty theater that July. Though local media accused Huang of wrongdoing, Huang denied the accusations against him. Despite the fact that the LPC's preservation rules were among the strictest in the United States, the damage to the lobby was not fixed for several years. A preservation group found that, from the 1965 creation of the city's landmarks law to 1990, the Board of Estimate had overturned or modified 21 landmark designations. Of these, the RKO Keith's was one of only five landmarks that had been significantly altered or destroyed afterward. In March 1993, the LPC mandated that Huang keep $40,000 in an
escrow account for the theater's restoration. Huang filed for bankruptcy in 1993 (later RKO Delaware Huang again requested permission to redevelop the RKO Keith's site at a hearing with the LPC in July 1996. At the time, city inspectors had found that up to of fuel had leaked into the basement. Huang promised to remediate the theater's environmental issues but then ignored the order.
Criminal charges and lawsuit Early in 1997, the city government said it would consider Huang's request for a certificate of occupancy if he and the city agreed to hire a third-party architect or engineer to oversee the work. Local officials proposed that the state government charge Huang with
racketeering so the state could seize the theater through
criminal forfeiture. Huang was arrested in March 1997 and charged with environmental violations in relation to the RKO Keith's after city officials discovered that he had lied about cleaning up the oil leak in the theater. and he unsuccessfully attempted to dismiss the environmental charges against him. In January 1998, a judge for the
New York Supreme Court, the state's trial court, postponed Huang's criminal trial by a year after Huang's lawyers claimed that he could not get a fair trial in Queens. The postponement was criticized by Huang's opponents, such as state senator
Leonard P. Stavisky, who said, "Justice delayed is justice denied." A local task force hosted a meeting in November 1998 to determine the theater's future, but city officials did not attend the meeting because it was open to the public. Huang pleaded guilty in January 1999 to lying about having cleaned up the leak in the theater. Huang sued the LPC and the DOB for $39 million in May 2000, alleging that the agencies continued to delay the theater's redevelopment. He dropped his lawsuit in December 2001 and consented to spending $40,000 on repairing the lobby and auditorium the following March. The media subsequently reported that
Shaya Boymelgreen of Boymelgreen Developers was negotiating to buy the building for $12 million. By then, the planks in front of the theater had been removed. A hole behind the proscenium arch exposed the auditorium to the outdoors, and plaster and paint were peeling off the walls and ceilings. Glenn Collins of
The New York Times characterized the theater as "a
Sistine Chapel for connoisseurs of decay". The next year, Community Board 7 approved a revised plan, which was narrower and was set back further from Northern Boulevard. The project, as approved, would have contained 200 condominium apartments, along with 229
parking spaces. In 2007, Boymelgreen and his development partner
Lev Leviev decided to stop working together, and Boymelgreen put the RKO Keith's site for sale. Eastern Consolidated was originally hired as the broker. Real estate brokerage Massey Knakal had taken over the listing by May 2008, seeking $31 million for the site. Preservationists sought to purchase the RKO Keith's Theater in 2009 in the hopes of reusing or renovating it as a performing arts center. The theater was valued at $24 million. In order to fully revitalize the theater, Friends of RKO Keith's sought to collect donations from various film stars.
Jon Favreau was one such actor who the group hoped would make a donation, since he once worked there. By late 2009,
Venator Capital was planning to buy the mortgage on the theater from Boymelgreen's lender,
Doral Bank, for $20 million. Preservationists held a fundraiser for the theater in early 2010. Doral took over ownership of the theater and sold it in May 2010 to developer Patrick Thompson for $20 million. Thompson planned to restore the lobby and build condominiums and a senior center behind it. the
Federal Aviation Administration (FAA) said the next month that the development's height might interfere with planes landing at the nearby
LaGuardia Airport. The FAA concluded in October 2011 that the new development had to be reduced by four stories and approved a revised plan the following May. The theater had accumulated $400,000 in unpaid taxes by March 2012, as Thompson had not paid taxes for 14 months. Thompson was reportedly looking to sell the theater by that time, but he was able to reduce his delinquent tax bill over the next several months. Jerry Karlik of JK Equities bought the theater in 2013 for $30 million. Karlik wished to downsize the project to 269 condos and reduce the number of parking spaces in the basement. In addition, Karlik wished to redesign the curtain wall in front of the lobby and increase the building's height to accommodate mechanical space. By February 2016, Karlik had placed the building for sale again after JK Equities canceled plans to redevelop the RKO Keith's site. The previous developers had received a tax exemption for the site, which was also included in the sale. Graffiti artists had covered many parts of the abandoned theater, and its windows had been sealed with boards or bricks. Xinyuan announced that it would build a 16-story luxury condominium tower in the space, with 269 residential units and no hotel rooms. The new building, which would keep the original facade over the lower floors, would be designed by
Pei Cobb Freed & Partners. Following the announcement of Xinyuan's revised plans, preservationist and Forest Hills resident Richard Thornhill started a petition to restore the theater to Lamb's original design. The petition received 4,400 signatures. Xinyuan presented its plans for the redevelopment of RKO Keith's to Queens Community Board 7 members in February 2019. Xinyuan submitted a new proposal for the site in August 2020, which called for hotel rooms in the new building. The demolition of the theater began the same year. Maverick Real Estate Partners, which had acquired Madison Realty's loan, indicated in July 2023 that it would foreclose on the site after Xinyuan
defaulted on its real estate taxes. ==See also==