Image courtesy of TSX Broadway
One of the most city’s most iconic Broadway theaters, the Palace Theater, began its rise last week to a spot 30 feet over Times Square. The 105-year-old theater is being lifted three stories as part of a $2.5 billion mixed-use development project, TSX Broadway, set to rise at 1568 Broadway. It will take six to eight weeks for the theater to achieve its final height of 30 feet.
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Rendering courtesy of TSX Broadway
A mixed-use development project hopes to bring even more bright lights and theatrics to Times Square. A team of developers, led by L&L Holding Company, will provide the ultimate New Year’s Eve experience at its new luxury hotel, part of the plan to transform the historic Palace Theatre into TSX Broadway. New renderings of the $2.5 billion project, which involves raising the theater more than 30 feet and building a 669-room hotel above it, show off suites with perfect views of the Times Square ball drop, the neighborhood’s first outdoor stage, and immersive retail experiences.
, Mon, September 24, 2018
Photo Credit: Courtesy L&L Holding Company
A year after renderings were released and three years after the project’s approval by the Landmarks Preservation Commission, L&L Holding Company, Maefield Development, and Fortress Investment Group have revealed plans for TSX Broadway at 1568 Broadway, beginning with the demolition–planned for this winter–of the existing 1,700-seat landmarked Palace Theatre, which will be replaced by a 46-story tower with 550,000 square feet of retail and entertainment space. The theater will be elevated 30 feet and secured within the new building and will be completely renovated, after which an entirely new structure containing a 669-key luxury hotel will be built around it.
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