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.
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. 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.
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