In a move that signals a dramatic shift in strategy, Caesars Entertainment has agreed to a partnership with SL Green for the redevelopment of 1515 Broadway as a premiere entertainment and gaming venue in the heart of Times Square, New York according to SBCAmericas. The agreement, which was announced today, calls for Caesars to lease approximately 257,000 square feet of space from SL Green, who will serve as the landlord and lead developer of the project.
The new Caesars-branded property will feature a casino, hotel, restaurants, bars, and retail outlets, making it a one-stop destination for tourists and locals alike. This is a major departure from Caesars’ previous plan to develop two separate properties in Times Square: one focused on gaming and the other on entertainment. The new joint venture will allow Caesars to bring its entire portfolio of offerings to the heart of Midtown Manhattan.
What is Caesars Entertainment?
Caesars Entertainment is one of the world’s leading gaming and entertainment companies. With a portfolio of more than 50 world-class properties, Caesars Entertainment operates casinos, resorts, shows, restaurants, bars and clubs around the world.
The project will include a new Caesars Palace Hotel & Casino on the site of the current New York Marriott Marquis hotel, as well as a new state-of-the-art theater for live entertainment.
The project is expected to create over 2,000 new jobs and generate $1.5 billion in economic activity for New York City.
What is SL Green?
Times Square is about to get a major facelift, thanks to a partnership between Caesars Entertainment and SL Green. The two companies have teamed up to redevelop Broadway as a premiere entertainment and gaming venue, complete with a casino, hotel, restaurants, and other attractions.
This is an unprecedented opportunity to transform one of the world’s most iconic destinations into an even more vibrant destination for tourists and New Yorkers alike. Times Square is already home to some of the most popular tourist attractions in the city, and with this redevelopment, it will become an even more must-see destination.
The project is still in its early stages, but we can’t wait to see what Caesars Entertainment and SL Green have in store for us.
What is the redevelopment of 1515 Broadway?
The redevelopment of 1515 Broadway is a partnership between Caesars Entertainment and SL Green that will create a premiere entertainment and gaming venue in Times Square, New York. The new venue will feature a casino, hotel, retail space, and restaurants.
What will the new entertainment and gaming venue be like?
The new entertainment and gaming venue will be a world-class destination that will feature a state-of-the-art casino, hotel, retail, dining, and entertainment offerings. The venue will be located in the heart of Times Square and will offer unparalleled views of the city.
The casino will feature all of the latest and greatest games, as well as live music and entertainment. The hotel will offer luxurious accommodations and first-class amenities. The retail area will feature high-end shops and restaurants. And the dining options will be second to none.
This new venue will be unlike anything else in New York City, and it is sure to become a premier destination for tourists and locals alike.
“We are thrilled to be partnering with SL Green on the redevelopment of 1515 Broadway, which we believe will become a premiere entertainment and gaming venue in Times Square. With this agreement, we are confident that we will be able to create an exciting and one-of-a-kind destination for both New Yorkers and tourists alike. We look forward to working with SL Green and hope to create a world-class entertainment venue that everyone can enjoy.” Caesars