The conversion of former Art Deco-style Rainbow Theater in East Williamsburg into 56 apartments under the lead of Nataliya Donskoy is nearing completion. The five-story, L-shaped rental building will have two components, at 167 Graham Avenue and 134-136 Meserole Street, joined by a courtyard. The complex will have ground-floor retail, community space, a few bike and car parking spots, on-site laundry, and a roof deck, says Brownstoner. The 17,500-square-foot property was acquired in 2012 for $4.8 million. Although with Donskoy it's doubtful, maybe the facade of the rental building will trumpthe stripped-down Deco facade of the site's latest occupier, the Love Chapel.
· Movie Theater Rental Conversion Nearly Finished in East Williamsburg ['Stoner]