Studio 54 Office Building

254 West 54th St., New York, NY
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When Allied acquired Studio 54, this former theatre was dilapidated and vacant. Allied gut rehabilitated the entire structure, creating a state-of-the-art Broadway theatre and a specialty office building targeting entertainment industry tenants. The building has been consistently 100% leased since its acquisition in 1994. The theatre was rented to the Roundabout Theatre Company, which subsequently purchased the theatre portion of the property from Allied.