Three days ago, it was announced that K Property Group and East End Capital, the developers who purchased Sunshine Cinema for $31.5 million, had received a $67-million construction loan from Capital Source, as well as an additional $19-million loan from Canyon Partners for the new mezzanine. This news indicates the imminent demolition of the 19th century building as plans for a 68,000 square-foot luxury commercial space on the site move forward.
(my original post on Sunshine can be found here)
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