Suits store until 1977. It was then reconverted to a discotheque, Bond International Casino, which closed in 1986. The cinema was multiplexed in 1980. In 1988, a portion of the former nightclub space was converted was to a pair of live theatre spaces called the Criterion Center. In 1991, the spaces were leased to Roundabout Theatre Company, a prominent non-profit theatre company, which used the larger Stage Right space as a small Tony Award-eligible theatre while the smaller second theatre became the first version of the Laura Pels Theatre. Notable productions during Roundabout's tenure at the Criterion include the 1993 revival of Eugene O'Neill's Anna Christie (featuring Liam Neeson and Natasha Richardson in their Broadway debuts), the 1995 revival of Stephen Sondheim's Company, and the 1997 revival of 1776. The company left the space in 1999 when their lease was canceled. In the early 2000s, Toys "R" Us built a flagship store in the building, leading to the closure of both the cinema and the live theatre venues. The multilevel store featured a 60-foot in-store Ferris Wheel and an animatronic T-rex among its attractions. Upon expiration of its lease, Toys "R" Us closed on December 30, 2015. The decision was attributed primarily to a rise in property values in Times Square that would increase its rent from $12 million to upwards of $42 million a year. In June 2015, Gap Inc. signed a lease for the property and expected to open stores for its Gap and Old Navy brands in 2017. The two stores account for 62,000 square feet of the 100,000-square-foot store. In July 2016, during the construction of the Gap and Old Navy flagship store, remnants of the original Olympia were found under the floors. The building, known officially as the Bow Tie Building, remains owned by Bow Tie Partners, the real estate holding company tied to Bow Tie Cinemas, the chain operated by the Moss family. References External links CinemaTreasures.org entry for Criterion Theatre (single screen), New York CinemaTreasures.org entry Loew's Criterion Theatre (multiplex), New York Olympia Theatre: Music Hall at the IBDB database Criterion Center Stage Right at the IBDB database 1895 establishments in New York City 1935 disestablishments in New York (state) Theatres completed in 1895 Event venues established in 1895 Buildings and structures demolished in 1935 Former theatres in Manhattan Times Square buildings Loew's Theatres buildings and structures Toys "R" Us Theater District, Manhattan