Jinxed Times Square Theater To Reopen As Retail Space

by MR Magazine Staff

The dancing feet of 42nd Street will soon turn into square feet. After collecting dust for almost three decades, the Times Square Theater is set to be reopened as a posh new retail space. Developer Roy Stillman signed a 25-year lease with the New 42nd Street, which controls the former Broadway house, and plans to transform it into a large commercial site spanning multiple floors and incorporating aspects of the theater’s original design. The blueprint now features two glass-enclosed floors towering above the theater, and Stillman plans to preserve the classic proscenium, dome, and boxes, much like the AMC Empire 25 located down the block. The project is estimated to cost about $100 million, and should be completed within the next two years. Read more at Forbes.