YEHESKEL ELIAS |
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First Entrepreneurial Endeavor |
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| 1972 | Promoted direct telecast of
Frazier-Foreman match from Kingston, Jamaica. Earned over $100,000 in a single night. September 22nd, bought first movie theater, the Boulevard Theatre at 82-24 Northern Blvd., in Jackson Heights and sold it in 1975. |
Acquisitions and Development |
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1974 |
Purchased car wash business on 88-16 Northern Boulevard in Jackson Heights, Queens. |
| Purchased The Fair Theater on Astoria Boulevard, Jackson Heights, Queens. | |
| 1975 | August 5th - Purchased the Continental Theatre, 70-20 Austin Street, Forest Hills, Queens from the Walter Reade organization. |
| 1979 | August 19th, investing $250,000 built and opened Heskel's Restaurant at 70-28 Austin Street, Forest Hills, Queens--a first class luxurious restaurant/nightclub. |
| 1981 | The Continental Theatre was converted to a twin theater in record time of 3 weeks, on a $500,000 investment. |
| 1984 | Constructed first commercial building at 69-39 Austin Street, Forest Hills Queens. which included the largest theater in Queens, and the only one with a 70mm screen. Major tenant was Citibank. Total cost $2,500,000. Sold in November 1989 for $4,100,000. |
| 1985 | Built the flagship
Heskel's Plaza 68-60 Austin Street, Forest Hills, Cost $6,000,000. Tenants included
American Express, First Federal Bank and Merrill Lynch Medical. Sold in 1989 for
$9,750,000. This office building also housed the first and largest MRI center in the United States. Constructed on the 5th floor, it was considered a "miracle" because of such installations heretofore had always occupied the ground floor of a building. |
| 1987 | Constructed Heskel's
Professional Center at 70-10 Austin Street, Forest Hills, Queens at a cost of $2,600,000. Constructed a 54,000 sq. ft. office and retail center at 69-30 Austin Street, Forest Hills, Queens. Sold in 1991 for $8,700,000. |
| 1994 |
Purchased, in a multi-million dollar deal, a group of land and buildings at 70-25 to 70-31 Austin Street, Forest Hills, Queens from Astoria Federal Savings Bank REP Purchased a parcel of land at 232-04 Northern Boulevard in Little Neck, Queens, in which to develop into a state-of-the-art car wash and detail shop at a cost of over $2,000,000 for self use. |
| 1995 |
Car wash construction completed and open for business. |
| 1996 |
Demolition and construction of the site 70-25 to 70-31 Austin Street, Forest Hills, Queens for the the Disney Store, Inc., 7,000 sq. feet, one-of-a-kind superstore. Total project cost $5,000,000. |
| June 1997
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Purchased from United Artist Theatres, the Forest Hills Theater 107-16 Continental Avenue and the Midway Theatre 108-22 Queens Blvd. in Forest Hills, Queens for a total cost of $9,000,000. |
| August 26, 1997 |
Merged part of The Heskel Group with Maryland based Federal Realty Invest Trust Co., and incorporated properties into a joint venture partnership. |
| Sept. 1997 |
Started construction at the Midway Theatre 108-22 Queens Blvd. for conversion into nine stadium seating state-of-the-art theaters which includes retail establishments: Krispy Kreme and Liberty Travel. |
| Dec. 16 1997 |
Repurchased 69-39 Austin Street (building with theater) for $3,350,000 and slated for redevelopment in 1999. |
| August 13 1998 |
Opening of Krispy Kreme store. |
| August 28, 1998 |
Opening of Liberty Travel. |
| November 20, 1998 |
Opening of nine-plex United Artist movie theater. Midway Movie Theatre 108-22 Queens Blvd. |
| March 31, 1999 |
. Opening of UA Brandon Cinemas, located at 70-20 Austin Street (formerly Continental I & II) sixty days ahead of its target opening date at a total cost of 1 million dollars.
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| July, 23, 1999 | The
newest design in Blockbuster video stores at 70-31 Austin Street, adjacent to The Disney
Store opened on Friday, July 23rd.
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| August 28, 1999 |
A Duane Reade flagship drugstore located at 107-16 Continental Avenue (formerly the Forest Hills Twin movie theatre) opened up for business. |
| March, 2000 |
Started development of 69-39 Austin Street to
a Gap center encompassing 22,000 sq. ft. Click to read articles about this project Daily News Times Ledger Queens Courier |
| March 9, 2001 |
Development of Gap center complete and opens
for business. Click to read article. Newsday |
| November 8, 2001 | Grand opening of Ann Taylor Loft 70-31 Austin Street, Forest Hills. |
| November 28, 2001 | Grand opening of Staples 107-16 Continental Avenue, second floor, Forest Hills |
| September, 2002 | Started complete reconstruction and added a second floor medical space at 70-10 Austin Street |
| April, 2003 | Completed 70-10 Austin Street renovation. Cost of project $2,500,000 |
| November, 2005 | Completed Ann Taylor at the Brittany 71-09 Austin Street. |
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