Oldest off-Broadway Playhouse to serve as media powerhouses’ flagship location
Taurus Investment Holdings, LLC, announced today in partnership with NY-based global entertainment company A24 the successful acquisition of Cherry Lane Theatre, the oldest continuously running off-Broadway theater. Located in New York City’s West Village, the partnership plans to refurbish Cherry Lane, while preserving the historic nature of the building.
The NYC landmark has a rich cultural history. Originally built as a brewery in 1836, the building was converted in 1932 into the Cherry Lane Playhouse and has been associated with some of the greatest playwrights, actors and actresses of the 20th century, such as Tennessee Williams, F. Scott Fitzgerald, Harold Pinter and Edna St. Vincent Millay, and continues to be a leading venue for off-Broadway productions. In preserving the historic nature of the theater, Taurus’ renovation will meet design standards that retain the theatre’s original character within the picturesque West Village neighborhood.
“Partnering with A24 to acquire Cherry Lane Theatre provides us with a highly unique investment opportunity due to its location, rich history and cultural significance,” said Peter A. Merrigan. CEO of Taurus Investment Holdings. “Cherry Lane Theatre’s longevity and dedication to promoting innovative and thought-provoking works have solidified its place as an iconic theater in the heart of New York City.”
Cherry Lane consists of 14,400 square feet, including the theater, studio space, mezzanine and 8 apartment units. Plans for the renovations include façade repairs and restoration of key exterior components.
Founded in 2012, A24 is a global entertainment company with a premium library of award-winning films, documentaries and TV shows this year’s leading Oscar contender “Everything Everywhere All At Once”.