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Tribeca Film Festival’s former home reportedly sells for $90M

The building at the corner of Laight and Varick Streets may be revamped into a mixed-use building

And that’s all she wrote on Tribeca Cinemas: The building at 17 Laight Street, once home to the theater—and, by extension, the Tribeca Film Festival—has allegedly sold to Vanbarton Group. According to the New York Post, the developer signed on to buy the building for $90 million with the intention of turning it into a mixed-use building.

In 2012, a consortium that included VE Equities and WhiteStar Advisors bought the 115,000-square-foot building for $56 million; the movie theater was bought out of its lease for $2.8 million by the same forces earlier this summer.

Though the cinema has now fallen victim to the trend of New York City movie theater decimation and relocation, the film festival had allegedly outgrown it long ago, and now holds its events at larger theaters around the city.