Planet Hollywood Reopening in Times Square

Themed restaurant Planet Hollywood signed a 15-year lease, marking the return of the eatery to the Times Square/Theatre District area, after shuttering its former location at 1540 Broadway upon lease expiration in August 2021. The new 4-level, 17,500-square-foot space is located in the retail condo at the base of the Hilton Garden Inn. Asking rent for the deal that began negotiations in 2020 but stalled with the onset of the pandemic was just under $3.5 million.