The Deuce loses its juice.

In the latest setback of the cheerfully lit block of West 42nd Street between 7th and 8th Avenues, construction has come to a halt at the famed and dark Times Square Theater, which is being redesigned and expanded for retail or entertainment.

The Stillman International Development project is not dead, it has only hit the pause button. But the delay could spell further disappointment in the colonnaded, limestone-fronted hall that has served as a performance hall and cinema for most of its 102 years.

Elsewhere on the block, meanwhile, large storefronts once home to the BB King’s Blues Club and the city’s largest McDonald’s stand empty. Crowds still come for “The Lion King” and for Madame Tussauds, but many other showcases remain for rent.

Stillman and the New 42nd Street nonprofit, which oversees the block’s historic theaters, announced the latest plan nearly five years ago at the jinxed site at 215 W. 42nd St.

But as with many similar early wins, it turns out that completing the widely publicized overhaul hinges first on finding a tenant before major construction can be completed.

The Times Square Theater is supposed to have two additional stories at the top and a spectacular cantilevered glass box on the 42nd Street sidewalk.

Powerhouse Colliers broker Bradley Mendelson, who had previously lured several prominent tenants to the site, only to see them return at the end of their leases, acknowledged what we suspected from our on-foot observations.

An online article says the “restored and historically significant building” will have 41,500 square feet of “multi-level dynamic retail/entertainment/restaurant/space.”
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“Work will begin as soon as we have a tenant,” Mendelson said. “They don’t want to do anything that might have to be undone.”

He pointed out, “Stillman is still in the business.”

Completing the job would take another year once a tenant signed up and clarified their requirements, he said.

An online article says the “restored and historically significant building” will have 41,500 square feet of “multi-level dynamic retail/entertainment/restaurant/space”, “a terrific glass exhibit” and an outdoor terrace at the fourth floor.

A lease – technically a sublease – is available for 15 years or more.

We reported in June 2019 that according to the city’s Department of Finance, Stillman and his partner, South Korea’s Daishin Securities, are paying $15.8 million in rent for 73 years, including two renewal options.

Former potential rescuers included designer Marc Ecko, who walked away from a lease after five years of doing nothing with the space, and a dodgy company called Broadway 4D, which was supposed to be a musical attraction run by the best actors in Hollywood. Hollywood.

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