Coney Island’s Shore Theater to become 7-story hotel
Coney Island’s landmarked Shore Theater is set to become a seven-story hotel, according to plans filed with the Department of Buildings on Wednesday.
The number of rooms in the hotel that will be available is unclear.
PYE Properties, owned by Pyotr Yadgarov, bought the historical theatre in December 2015. They declined to comment on the project, saying it was still in the extremely preliminary stages of development.
It has taken almost three years for the first plans to be submitted as Yadgarov continues to look for tenants for the retail space he bought for $14 million.
Although it had been known for years that the historical landmark would be turned into a hotel, it was initially thought the theater would be renovated and turned into an entertainment venue, attached to a hotel, but that seems to have changed.
The theater opened in 1925 as the Loew’s Coney Island and frequently hosted Vaudeville shows. It stayed that way until the 1960s, when it was bought by Brandt Company, changed its name to Shore Theater, and began showing X-rated movies there to bring in audiences.
That didn’t work, however, and the building was sold to the owner of Kansas Fried Chicken, Horace Bullard, in 1978. Bullard envisioned a hotel and casino in its place but he died in 2013, and his daughter Jasmine Bullard sold the theater to PYE Properties.