The Wall Street Journal has an article on the plans for the old Loews movie theater in downtown New Rochelle.
A venture of ABS Partners Real Estate LLC and Brause Realty Inc. has paid about $2.6 million for the 53,000-square-foot building at 587-599 Main St. that in its heyday was a Loews movie theater but later became the Palladium nightclub. For now, the new owners plan to upgrade the property and rent it to small retail and office tenants.
Efforts to revive New Rochelle’s downtown have gotten a boost from the sale of a blighted former movie theater to a buyer who plans to rehabilitate the eyesore and, possibly, build an apartment building on the site.
WSJ: Sale of New Rochelle Site Revives Development Talks ($$)