Cleanup on 42nd Street: Porn king’s estate to convert Times Square building into offices

Building would expand from about 59K sf to about 61K sf under conversion plans

TRD New York /
May.May 10, 2018 11:35 AM

Show World (Credit: Alan Turkus via Flickr)

Desks, desks, desks! The estate of deceased porn magnate Richard Basciano wants to swap out live nudes for clothed office workers at his infamous Times Square property.

Basciano’s estate filed plans for an office conversion at 303 West 42nd Street with the city’s Department of Buildings on Wednesday. The building would expand only from about 59,000 to 61,000 square feet under the plans, and remain 12 stories and 120 feet tall.

The building has been best-known for years as home to the sex shop Show World Center, one of the last remaining pornography businesses that survived the redevelopment of Times Square and the Giuliani administration’s crackdown on porn in the 1990s. The store currently occupies the bottom three floors and cellar of the building and was once described as the “flagship” of New York’s sex industry.

Representatives from Basciano’s estate did not respond to a request for comment.

Basciano died last year at age 91. He told Crain’s prior to his death that Show World was going to close, noting that it sits on extremely valuable real estate.


Related Articles

arrow_forward_ios
Mayor Bill de Blasio (Getty, Wikimedia)

Landlords challenge city laws protecting non-paying businesses

Landlords challenge city laws protecting non-paying businesses
From left: G.H. Palmer's Geoffrey Palme, RFR Holdings' Aby Rosen, Macklowe Properties' Harry Macklowe, Thor Equities' Joseph Sitt and Ellicott Development's Carl Paladino (Getty, iStock)

Harry Macklowe, Aby Rosen and Joe Sitt among 6,500+ developers, landlords who got PPP bucks

Harry Macklowe, Aby Rosen and Joe Sitt among 6,500+ developers, landlords who got PPP bucks
Photo illustration of Ryan Serhant and  22-43 Jackson Avenue (Getty, Trader Joe's) 

Trader Joe’s to open in LIC early next year

Trader Joe’s to open in LIC early next year
Marcus & Millichap CEO Hessam Nadji

Marcus & Millichap CEO predicts “exodus” from cities to last two years

Marcus & Millichap CEO predicts “exodus” from cities to last two years
Shawn Mobley (left), is being replaced by Andrew McDonald (right) as CEO of the Americas at Cushman

Shakeup at Cushman: Mobley out, McDonald promoted

Shakeup at Cushman: Mobley out, McDonald promoted
(iStock)

To survive, NYC retailers are treating average Joe’s like they’re rich

To survive, NYC retailers are treating average Joe’s like they’re rich
The financing deal comes after AMC theaters have been shuttered for months due to the coronavirus pandemic. (iStock)

AMC nears deal to avoid bankruptcy

AMC nears deal to avoid bankruptcy
CIM Group’s Shaul Kuba, Knotel's Amol Sarva, Related Group’s Jorge Pérez and The Agency’s Mauricio Umansky (Getty, Sarva by Sasha Maslov, iStock)

These real estate companies got fat PPP loans

These real estate companies got fat PPP loans
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...