This is a proposal to convert a parking garage in New York’s Broadway Theater District into a state of the art Off-Broadway theater complex to be called 49 Stages. The purpose of the new facility, once developed, would be to manage and license for profit prime professional theater venues - the five theaters and four studios - to commercial producers of Off-Broadway works for performances and rehearsals. Theaters and Studios will also be rented for use for corporate conferences, special events, seminars, screenings, and workshops. 

This proposal is not a traditional real estate opportunity nor is it a traditional theatrical investment, but rather a theatrical real estate opportunity. Investing in theater can be risky – you could invest in the next Wicked or Hamilton or in a show that closes within two weeks.

But on Broadway, one group of people ALWAYS makes money! The theater owners (the Shubert, Nederlander and Jujamcyn/Ambassador Organizations) are consistently money-makers in the theater industry - because they own or manage the buildings and thus control the box offices.