Demolition work is moving along on 1568 Broadway, a 30-year-old, 470-foot-tall tower in Times Square that formerly housed the DoubleTree Suites by Hilton. Nearly 75 percent of the building will be razed to create a new 46-story mixed-use property dubbed TSX Broadway. Designed by PBDW Architects, Mancini Duffy, and Perkins Eastman, and developed by L&L Holding Company, Maefield Development, and Fortress Investment Group, the site sits in the heart of Times Square at the corner of Seventh Avenue and West 47th Street.
Tectonic snapped several photographs of the building, which is still wrapped in thick black netting and scaffolding. One noticeable portion of the edifice that has been removed since YIMBY’s November update is the curved floor plates at the northwestern corner of the building that once framed part of the flashy marquees above the sidewalk. This further reveals the structural steelwork and diagonal columns at the top of the podium level.
TSX Broadway will yield 550,000 square feet and is estimated to cost $2.5 billion. The program calls for 75,000 square feet of retail space spanning the first ten stories, a 4,000-square-foot performance venue with Times Square’s only permanent outdoor stage cantilevering out above the sidewalks along Seventh Avenue, 30,000 square feet of dining space, and a 669-key hotel above it all. Meanwhile an LED display on the southern elevation will be displayed and flash various advertisements. This section of Times Square may be dark for now, but it will soon be illuminated with 51,000 square feet of bright signage on the podium floors.
The demolition started on the 46th floor and is being done by using the elevator shafts as a giant chute to safely discard scrap material and debris from each gutted level. The process is repeated until reaching the bottom 25 percent of the structure, which will be preserved. It will be in this portion that the Palace Theater will be lifted 30 feet higher from its current position to the future sixth floor to make room for new retail space below. The Palace Theater is a 107-year-old gem designed by Kirchoff & Rose and was home to many Vaudeville performances in the Roaring Twenties as well as dozens of Broadway productions throughout the past century. It temporarily closed for the first round of renovations in September 2018.
YIMBY last reported that TSX Broadway will deliver the dedicated commercial spaces to tenants by 2021, while the entirety of the project is expected to be completed sometime in 2022.