PARK SLOPE — A developer has dropped plans to convert the Brooklyn Lyceum into luxury condos and will turn the landmarked building into a "single-use commercial space" instead, a spokeswoman said.
A spokeswoman for Greystone said Thursday that the developer will not convert the former public bathhouse on Fourth Avenue and President Street into residential units.
Greystone bought the Lyceum building at a foreclosure auction in October 2014 and announced plans to convert the ornate structure into two or three high-end residences in January 2015.
Greystone also plans to build a 12-story rental building next door to the Lyceum. It wasn't immediately clear whether those plans had changed as well.
The Lyceum was most recently used as a performance and arts venue. Any changes to the building must by approved by the city's Landmarks Preservation Commission.