The Victory Theater was the first theater on the block to be restored, and reopened as the off-BroadwayNew Victory Theater in 1995. The New Victory Theater is programmed by the New 42nd Street with a focus on family entertainment, including international productions of theater, circus, puppetry, opera and dance for kids of all ages. The theater's programming is complemented by an award-winning educational program in New York City schools.
The Apollo and Lyric theatres were demolished, but sections were preserved for incorporation into a new 1,900-seat Broadway musical venue. On December 26, 1997, it opened as The Ford Center for the Performing Arts with the New York premiere of Ragtime. Subsequently, it was renamed the Hilton Theatre and later the Foxwoods Theatre. Following a takeover by the Ambassador Theatre Group, it has taken the Lyric Theatre name.
The Empire and Liberty became parts of an entertainment complex built by Forest City Ratner which includes the New York branch of Madame TussaudsWax Museum and the Ripley's Believe It or Not! Odditorium. The shell of the Empire was physically lifted and moved closer to Eighth Avenue, becoming the lobby of an AMC Theatres cinema, which opened in 2000.
The Selwyn Theatre became the 750-seat American Airlines Theatre, reopening on July 27, 2000, following renovations, and is currently one of Roundabout Theatre Company's Broadway venues.
In 2011, Broadway 4D Theaters, LLC leased the Times Square Theater for a new multimedia Broadway-themed 4-D attraction; however, the project was cancelled. In 2018, developers announced the venue would be converted to retail space that would retain the proscenium, boxes, and many elements from the original structure. The work would take approximately two years at a cost of $100 million.
The New 42nd Street also operates the New 42nd Street Building at 229 West 42nd Street, designed by the firm of Platt Byard Dovell, which opened in 2000 and is home to the New 42nd Street Studios as well as The Duke on 42nd Street - a 199-seat black box theater named for Doris Duke - and three floors of office spaces used by seven non-profit performing arts organizations, including the New 42nd Street.
