![]() W42ST reached out to New 42 for additional information on potential uses for the building and will update if we hear back. And now, five years into the Stillman proposal and nearly three years after its proposed completion, developers have yet to locate a tenant to reimagine its use. In 2011, plans were announced to build a Las Vegas-style entertainment complex entitled Broadway 4D, but the project never made it to its intended 2014 opening date. In 2004, clothing company Ecko announced plans for a four-story retail flagship which was nixed in 2009. The venue has seen its share of potential tenants come and go during its 33-year slumber. Renderings of the Times Square Theater development. “They don’t want to do anything that might need to be undone,” he added. The property is currently listed for lease on the real estate firm’s website. “Work will commence as soon as we have a tenant,” Colliers broker Bradley Mendelson told the New York Post. Real estate developers Stillman International took charge of the plans in 2018 for a proposed $100 million dollar immersive retail space, but have now paused the theater’s extensive redesign which includes the construction of two additional floors, a glass box cantilevered over the street and the preservation of the building’s historic limestone facade. The 41,500-square foot behemoth at 215 W42nd Street - which showed everything from the play Gentlemen Prefer Blondes and Noël Coward hits to slasher films during its 70-year active tenure - closed in 1990, when the City of New York took possession of the landmarked space before handing it over to cultural development nonprofit New 42. The Times Square Theater has paused its extensive renovation, citing the need for a tenant commitment. A staple of W42nd Street, the revival of the long-dormant, century-old Times Square Theater has hit a new snag - the lack of interested tenants has pressed pause on the renovation of the historic Midtown performing venue.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |