The suggested Caesars Palace Times Square development is gaining significant momentum with property holders in the vicinity. This represents the initial instance where the initiative has garnered such extensive and open backing from crucial parties.
A collective of ten influential Times Square property owners have united with the “Alliance for an Enhanced Times Square,” lending their support to the proposition by SL Green, Caesars Entertainment, and Roc Nation to introduce the renowned casino name to 1515 Broadway.
Aby Rosen, co-founder and principal of RFR, mirrored the feelings of many by declaring, “Times Square is an inherent match for the city’s gaming sector. As a worldwide tourist hotspot and a center for entertainment, lodging, retail, and transit, it simply follows.” He continued, “We trust that the communal and individual advantages will forge a more promising tomorrow for everyone in our magnificent city.”
The ten firms expressing their endorsement represent a roster of Times Square real estate giants, encompassing Jamestown (One Times Square), Sherwood Equities (Two Times Square), and the proprietors of Five Times Square, the Paramount Building, alongside major stakeholders such as Soho Properties, Moinian Group, Wharton Properties, RFR, Ian Schrager Company, and Stillman Development.
Charlie Rosenberg of the Paramount Building encapsulated the dominant viewpoint: “We all aspire to witness Times Square flourish and uphold its standing as a dynamic core for the entertainment industry.”
Therefore, we stand with the Times Square Alliance in advocating for a new leisure development at 1515 Broadway. Being among the closest parties to the suggested site, we’ve thoroughly assessed the possible effects on our vicinity. This endeavor will utilize eight levels of an already standing 54-story structure. We perceive this as an exceptional chance to contribute to the destiny of Times Square and make a tangible impact on the lives of individuals who reside and are employed here. Our occupants, encompassing eateries, innovative enterprises, and Broadway industry frontrunners, will all reap advantages. Furthermore, SL Green and Caesars Palace have committed to allocating a segment of gaming proceeds to bolster safety, cleanliness, and mobility within the zone. The Times Square Alliance has witnessed increasing endorsement for a new amusement complex, and the present blueprint at 1515 Broadway will yield substantial perks for the community and its independent ventures. We are dedicated to a more pristine, secure Times Square and investing in its tomorrow as the entertainment nucleus of New York City.