An Icon Redefined Second Floor Glass Cantilever on 42Nd Street an Icon Redefined

AN ICON REDEFINED SECOND FLOOR GLASS CANTILEVER ON 42ND STREET AN ICON REDEFINED

Every now and then an opportunity so powerful presents itself, and in the right light, its potential is breathtaking. Welcome to 215 West 42nd Street, your future home.

Consider 52,000+/- SF on multiple levels for retail, restaurant and entertainment use with outdoor space, a viewing area cantilevering over 42nd Street and signiﬁcant facade and billboard signage, while preserving the architecturally historic and double height volume of the Times Square Theater.

Beautifully restored, this historically signiﬁcant building will stand out on 42nd as a beacon and will maximize your company’s branding potential.

If you have the vision, a lease for 15 years or more is available now.

Possession: 2020

FLOOR SQ FT FLOOR TO FLOOR Frontage: 105 Feet of building frontage on 42nd Street

Signage: Extensive LED billboard signage containing 3,692 sf of exposure on three separate signs First 8,648 SF 21’4” Facade signage prominently displayed

Second 10,514 SF 24’7” Asking Rent: Upon Request

One of a kind, free standing building located on one of the busiest corridors in the world Third 9,060 SF (plus 772 SF of Outdoor Space) 20’0” - 45’7” Century old building being transformed in a modern fashion while preserving the historical elements, thereby enhancing its charm Fourth 4,561 SF (plus 2,260 SF of Outdoor Space) 25’7” 52,000 +/- square feet of dynamic multi-level retail/entertainment/ restaurant space with generous column spacing Fifth 4,197 SF 19’0” Glass enclosed second ﬂoor which cantilevers over 42nd Street

Sixth 2,488 SF (plus 1,709 SF of Outdoor Space) 9’0” Expansive third ﬂoor with 45’7” ceiling heights

Outdoor terrace on the third and fourth ﬂoors overlooking 42nd Street Concourse 8,170 SF 20’0” Building lends to a single user or multiple concepts RETAIL MAP

• Times Square draws over 50 million visitors annually • +/- 340,000 pedestrians pass through daily • Home to 40 Broadway theatres- 12 million theatre goers annually • + $2.1 Billion in retail and restaurant spending TIMES SQUARE • Surrounded by over 29 million square feet of office space LOCATION FEATURES • Each day, consumers spend nearly $10,000,000 in Times Square, excluding the cost of hotels • 243,358 people in Times Square post about their experience in Times Square on social media each day

T LONGACRE VANDERBILT CORT Times Square – 42nd THEATRE THEATRE THEATRE St. Station is the #1 Busiest Subway Station in New York by Annual Ridership

FRIEDMAN BARRYMORE Times Sq-42 St THEATRE THEATRE

W. 47TH STREET W. 47TH STREET N Q R BROOKS PALACE ATKINSON THEATRE W S 1 THEATRE 2 3 7

A C E

LUNT-FONTANNE THEATRE Annual Ridership: W. 46TH STREET W. 46TH STREET 64,531,511 RICHARD RODGERS MARQUIS THEATRE THEATRE TO BE

Port Authority Bus IMPERIAL MUSIC BOX LYCEUM Terminal is the THEATRE THEATRE THEATRE S SQUAREworld’s busiest terminal. W. 45TH STREET W. 45TH STREET TO BE JOHN GOLDEN JACOBS GERALD BOOTH THEATRE THEATRE SCHOENFELD THEATRE Average Weekday THEATRE Boardings: 85,655

Average Annual MAJESTIC BROADHURST SHUBERT MINSKOFF PLAYSTATION HUDSON Boardings: THEATRE THEATRE THEATRE THEATRE THEATRE THEATRE 4,454,060 W. 44TH STREET W. 44TH STREET

THEATRE ST. JAMES HAYES CIRCLE THEATRE THEATRE

W. 43RD STREET W. 43RD STREET

LYRIC STEPHEN THEATRE SONDHEIM THEATRE

E-WALK REDEVELOPMENT

W. 42ND STREET W. 42ND STREET

TO BE THEATRE NEW AMSTERDAMN NEW FLOOR PLANS

CONCOURSE 1ST FLOOR 2ND FLOOR 8,170 SF 8,648 SF 10,514 SF

42nd STREET

3RD FLOOR 4TH FLOOR 5TH FLOOR 6TH FLOOR 9,060 SF 4,561 SF 4,197 SF 2,488 SF (PLUS 772 SF (PLUS 2,260 SF (PLUS 1,709 SF OUTDOOR SPACE) OUTDOOR SPACE) OUTDOOR SPACE)

OPEN TO BELOW

TERRACE

42nd STREET 42ND STREET ELEVATIONS EXTERIOR RENDERING

38'* 38'* *ACTUAL DIMENSION *ACTUAL DIMEMSION ELEVATION FORESHORTENED ELEVATION FORESHORTENED T.O. SIGNAGE 181' - 7 1/2" 42 10' - 6" 10' ROOF ND

171' - 1 1/2" STREET FACADE 1,216 SF 1,216 SF 9' - 0" 9' 32' - 0" 32' SIXTH FLOOR 162' - 1 1/2" 19' - 0" 19'

FIFTH FLOOR 143' - 1 1/2" TIMES SQUARE THEATER SQUARE TIMES 1,260 SF - 7" 25' SOUTHELEVATION 36' - 1" 36' FOURTH FLOOR 35' - 1" 117' - 6 1/2" 20' - 0" 20'

THIRD FLOOR 97' - 6 1/2" 24' - 7 1/2" - 7 24'

SECOND FLOOR 72' - 11" 21' - 4" 21'

FIRST FLOOR 51' - 7" 20' - 0" 20'

CELLAR 31' - 7" Drawing No. Drawing No.Project Date Scale MRKTNG 5 1/16" = 1'-0" = 1/16" 10/15/2018 2689 A PIECE OF HISTORY Featured in, The Wall Street Journal, September 19, 2018.

PROPERTY REPORT Final Holdout of Times Square’s Rejuvenation to Get $100 Million Makeover Developer seeks to make The Times Square Theater, closed for nearly three decades, the entertainment district’s latest retail center

The grand dome of The Times Square Theater on West 42nd Street will be restored. PHOTO: KELLYANN PETRY FOR THE The Times Square Theater on West 42nd Street has been closed for nearly three decades. PHOTO: KELLYANN PETRY FOR WALL STREET JOURNAL THE WALL STREET JOURNAL Opened in 1920, the Times Square Theater was one of several Broadway playhouses clustered on the block between Seventh and Eighth Avenues. The theater was a showcase for live productions until 1933, said Cora Cahan, president of the New 42nd Street, a nonproﬁt charged with the restoration and reinvention of seven historic theaters on this block. The Times Square is the last to be revamped.

The Times Square Theater and the others later were converted into movie theaters, attracting soldiers on leave to West 42nd Street during WWII.

In the 1970s, adult-entertainment shops and go-go bars took over the block. Historic

A New York developer is planning to restore The Times Square Theater’s historic architecture, add a fresh design and lease the theaters, including the Times Square, mostly ran third-run movies, slasher and property to retailers. A rendering of the theater after renovation. PHOTO: STILLMAN DEVELOPMENT INTERNATIONAL A 1930s view of the marquees of the 42nd Street Apollo Theatre and the Times Square Theater. PHOTO: HULTON action films, Ms. Cahan said. ARCHIVEGETTY IMAGES By Keiko Morris remained busy. The six-block stretch received nearly 419,000 average daily visitors in Sept. 18, 2018 7 31 a.m. ET August, up 13.7% from a year earlier, according to the Times Square Alliance, a nonprofit One of the last remnants of Times Square’s past of dilapidated store fronts, sex shops and crime that advocates for neighborhood businesses and public improvements. is about to get a $100 million makeover. Vacancy rates in the second quarter dropped to 15.6% from 22% in 2016, according to The Times Square Theater on West 42nd Street has been closed for nearly three decades, Cushman & Wakefield . Average ground-floor asking rents in the most coveted six-block detached from the transformation of the blighted area into a tourist destination with Hershey’s stretch along Seventh Avenue and Broadway are nearly $2,000 a square foot, according to Chocolate World, an Old Navy clothing store and the Nasdaq Stock Market. the real estate services firm.

Now, a New York developer is reviving it. Stillman Development International LLC, which “Times Square’s purpose for 120 years has been to entertain, so it’s not surprising to me A view from the stage of the Times Square Theater during renovation. PHOTO: KELLYANN PETRY FOR THE WALL STREET last year signed a lease for up to 73 years, is planning to restore the theater’s historic that entertainment themed retail and food and beverage are driving the bulk of leasing JOURNAL architecture, combine it with fresh design and lease the entire property to retailers. there,” said Steven Soutendijk, an executive managin director at Cushman. The Times Square Theater’s revitalization has had several starts and stops. Fashion retailer Ecko Unltd. signed a lease in the mid-2000s but never opened a store. An Stillman is betting that the former theater’s high ceilings, views of the Times Square Stillman, which has formed a partnership with South Korean financial firm Daishin immersive film and theatrical experience called Broadway 4D and a Singapore-based neighborhood and large outdoor space will appeal to brands that want a store that can double as Securities Co. for this venture, is spending $100 million for the makeover. an attraction and lure online shoppers from their couches. entertainment and event company also had plans that fell through. The developer hired Beyer Blinder Belle, an architecture and design firm with an expertise The costs associated with the complex renovation of the building were too high for in historic preservation. Its plan involves lifting the theater’s limestone facade by 5 feet to It is a formula that has been used by other retailers include interactive retail and entertainment many retailers, said Brad Mendelson, vice chairman at real estate services firm create higher ceilings on the ground floor. The colonnade on the second floor will be concepts such as the NFL Experience Times Square, which allows football fans to simulate Colliers International , who is marketing the project for Stillman. Strict encased in glass to overlook 42nd street. Stillman is also adding a glass box of two calling a play in a team huddle. Another attraction from National Geographic animates ocean requirements to refurbish and restore specific features also posed a challenge. But additional floors and outdoor space. life in an immersive exhibit using advanced digital technology, 3-D imagery and other special Stillman said it is addressing these issues, easing the path for a new tenant. effects. It said it would also restore the large, decorated plaster proscenium arch that once framed Stillman is targeting major global brands such as Apple Inc., Amazon.com Inc. and “We wanted to design a project that would be insulated from the risks of e-commerce,” said Roy the stage, the opera boxes flanking the arch as well as a 35-foot diameter dome, moving Coca-Cola Co. , pitching the historic theater’s overhaul as unique way to tap into Stillman, president of Stillman. Restoration and the theater’s conversion are expected to begin these features to the upper floors. Times Square foot traffic, Mr. Stillman and Mr. Mendelson said. this year and be completed within two years, the company said. Stillman said it has received approval from the city historic preservation committee “The trick is you have to give the shopper a reason to go,” Mr. Mendelson said. While vacant storefronts pockmark many New York City shopping corridors, Times Square has overseeing these theaters for its preliminary design and is preparing its final submission. “Otherwise the internet is easy to work.”

Keiko Morris at [email protected] FOURTH FLOOR ROOFTOP THIRD FLOOR INTERIOR C. BRADLEY MENDELSON DAVID A. GREEN VICE CHAIRMAN VICE CHAIRMAN +1 212 716 3596 +1 212 716 3599 [email protected] [email protected] REAL ESTATE ASSOCIATE BROKER REAL ESTATE ASSOCIATE BROKER

The development is being undertaken by Times Square 42 Development LLC.

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