Tuesday, October 15, 2013
Fulton Halsey buys Slave Theater in Bed-Stuy for $2.1M
The historic Slave Theater in Bedford-Stuyvesant sold for $2.1 million to the Fulton Halsey Development Group, a developer who may be planning to convert it to luxury condos, the New York Daily News reported.
The Rev. Samuel Boykin, who is managing the estate of the shuttered building’s former owner Judge John Phillips, told the News the historic building will definitely will not remain a theater. After Phillips died in 2008, his relatives put the building up for sale to pay off more than $1.5 million in taxes and other debts, the paper said.
Last fall, the nonprofit New Brooklyn Theater company attempted to restore the theater via crowd-sourcing on the website Kickstarter, as reported by The Real Deal. The campaign raised about $41,000 of the desired $200,000. Squatters had deterred other potential buyers who might have restored the theater for years, the News said.
Sources familiar with the neighborhood told the Daily News there is a plan for condos. [NYDN] – Mark Maurer