The Real Deal New York

It’s curtains for Ziegfeld: Iconic theater to become event space

Fisher Brothers and Core Ziegfeld inked a 20-year lease

January 21, 2016 08:31AM

Ziegfeld Theater in Midtown (credit: Google Streetview)

Ziegfeld Theater in Midtown (credit: Google Street View)

The city’s last single-screen movie theater is calling it quits.

The struggling Ziegfeld Theater at 141 West 54th Street will close its doors in the next couple of weeks to make way for its latest incarnation: The Ziegfeld Ballroom.

The 21,331-square-foot space will host galas and corporate events after it undergoes a major renovation, landlords Fisher Brothers and Core Ziegfeld LLC announced in a statement. The partners, who own and operate Gotham Hall, inked a 20-year lease at the space. Anthony Dattoma and Susan Kurland of CBRE represented Core Ziegfeld. Fisher Brothers was represented in-house by Marc Packman.

The renovated building will be able to host 1,200 people for receptions and between 800 to 1,000 guests for seated events. The revamped building will feature a 10,000-square-foot ballroom and five meeting rooms, the New York Post reported. The design, by architect Richard Bloch, will be in an art-deco style to honor Florenz Ziegfeld’s original 1927 theater, which was replaced by the current movie theater in 1969. It will re-open in fall of 2017.

For now, the movie theater will continue to show its final movie, “Star Wars: The Force Awakens.” [NYP]Kathryn Brenzel

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