Episode 171 – Raising the Palace Theater – The TSX Broadway Project

Manage This - The Project Management Podcast

The podcast by project managers for project managers. Situated at the most heavily trafficked public space in the world, Times Square in New York is undergoing an extraordinary renovation and expansion project. Hear how the iconic Palace Theatre was raised 30 feet to make room for commercial space below. The goal of this complex project was to preserve the historic theater box, which was built in 1913, and raise it to its new home on the third floor of TSX Broadway. Table of Contents 02:16 … Intro to the Project03:12 … Raising a Theater04:42 … The TSX Broadway Project06:56 … Seeing the Vision08:34 … Major Stakeholders10:24 … Retained Slab Project11:47 … Effective Collaboration14:26 … The Hydraulic Lifting18:58 … Project Timeline20:27 … Kevin and Kyle22:00 … Monitoring the Lift24:53 … A Coordinated Effort25:38 … Lessons Learned27:40 … Advice for Project Managers29:08 … Find out More30:39 … Closing ROBERT ISRAEL: But I think the most important thing that I have been successful at is planning. If you’re a good project manager, you know how to plan. And if you can think three steps ahead of where you need to be, you’re going to be a successful project manager. WENDY GROUNDS: Hello, and welcome to Manage This, the podcast by project managers for project managers. Thank you for joining us. I am Wendy Grounds, and in the studio with me is Bill Yates. If you like what you hear, we’d love to hear from you. You can leave us a comment on our website, Velociteach.com; on social media; or whichever podcast listening app you use. If you have any questions about our podcasts or about project management certifications, we’d love to hear from you. Our guest today is Robert Israel. He’s an executive vice president at L&L Holding Company. Robert leads and directs all aspects of the TSX Broadway project development’s design and construction. Previously, Robert was the cofounder of Solid Development Group. He has also served as a project director for RFR Holding, and he has served in various management roles at CBRE. But it’s his project that we are most excited to hear about. And I’m going to let Bill tell you more about that. BILL YATES: Oh, man. We are so excited about this. We are delighted to have Robert as our guest because he has been instrumental in this $2.5 billion TSX Broadway project. And the piece that we want to focus on is the raising of the Palace Theatre. So we’ll talk about all aspects of it, but especially this historic theater, it’s a 1,700-seat theater that was opened in 1913, and it was on the ground floor. Well, Wendy, it’s not on the ground floor anymore. This thing has been raised 30 feet. We’re going to talk about how you do that in a very busy Times Square with a historic building and all of the complexity that went into that. Robert was right in the middle of it. He’s got some amazing tips and tricks and advice that he’ll share. WENDY GROUNDS: And also it’s not just the raising of the theater, which is the main thing we talk about; but it’s all the other components that are going into this building in New York. Hi, Robert. Welcome to Manage This. Thank you so much for talking with us today. ROBERT ISRAEL: Thanks for having me. Appreciate you guys inviting me on. Intro to the Project WENDY GROUNDS: Yeah, we’re looking forward to hearing more about this project. Just as an introduction, can you tell us a little bit about L&L Holding and how long you’ve been working for the company? ROBERT ISRAEL: Sure. I’ve been working at L&L Holding for just over five years. I came onboard with L&L in 2017, just as we were sort of awarded the project, TSX Broadway. And we spent two years in preconstruction, essentially, and started construction with TSX on the beginning of 2019. But L&L overall, we own approximately 8 million square feet in New York City, mostly office/retail. This is our first foray into the hospitality world, really. And, you know,