Catching up on the realty beat

While Realty Check was on vacation, the real estate world was not. Here’s our quick take on a few stories we missed.

80 Flatbush triumphs. A key City Council subcommittee gave the green light to Alloy Development’s controversial proposal for a $900 million, mixed-use project near Barclays Center.

All it took was for Alloy to agree to a relatively modest haircut — reducing the overall FAR from 18 to 15.75 and lowering the heights of two tall towers from 986 feet to 840 feet and from 560 to 510 feet.

We suspect that developers needing ULURP approval always have a lastminute, Plan-B concession package ready. In any case, Alloy came out in fine shape considering that neighborhood City Council member Stephen Levin, whose support was crucial, had earlier wanted to chop the FAR down to 12.

Times Square Theater’s latest act. We’re tickled that the long-dark Times Square Theater at 217 W. 42nd St. has been “saved” yet again, this time by Stillman Development International.

Stillman has leased the property for 73 years from the nonprofit New 42nd Street, which oversees historic the- aters on the “Deuce” between Seventh and Eighth avenues.

But other outfits, including Marc Ecko and something called Broadway 4D, previously took over the venue with grand plans — only to turn chicken. We hope Stillman’s $100 million conversion plan for “entertainment retail” use has better legs.

The frozen “Wheel.” Backers aren’t ready to give up yet on the seemingly dead 630-foot-high tourist attraction planned on Staten Island’s St. George waterfront — they are hoping for a face-to-face with Mayor de Blasio to save the $900 million project.