An auction to sell the Slave Theater?the historic Bed-Stuy building that's been embroiled in an ownership dispute?was recently canceled, and the Daily News has an explanation. The Reverend Samuel Boykin, who's currently in charge of the property, says he's received five offers on the property for around $2 million, not counting the potential bid from a Brooklyn theater company hoping to raise a down payment on Kickstarter.
The five developers in the running include one who wants to build a hotel and a new theater, one who wants to restore the existing building as a theater, and one who wants to take the whole thing condo. That developer, Ore International, has a few Brooklyn projects under its belt, including at least one partnership with Robert Scarano. Boykin tells the Daily News he'd rather see the place reopen as a theater?but the building's current debts might stand in the way.
· Buyers line up for Bed-Stuy's famed Slave Theater [NYDN]
· Slave Theater coverage [Curbed]