was replaced by the Old Town Tavern that year. In addition, a 600-seat theater, known as the Cameo, opened on the 42nd Street side in December 1921. A bank branch opened in the ground-story space in the early 1920s, which was replaced by the Old London Restaurant in 1931. A pedestrian arcade at the center of the Bush Tower was also announced in 1927, running between the Cameo Theater to the west and the office shaft to the east. The arcade provided a connection between 41st and 42nd Streets and included small storefronts, a rear stairway to the basement, and an elevator to the second through fifth stories of the theater. The Cameo Theater, which was also operated by the Bush Terminal Company, later became known as the Bryant. The upper stories of the theater were taken by the Newspaper Club, which previously occupied some space in the 41st Street annex since 1922. Mid- and late 20th century After the Bush Terminal Company failed to pay mortgages of about $2.09 million, the Metropolitan Life Insurance Company bought the tower at a foreclosure auction in May 1938 for $1 million. Subsequently, the upper floors were converted for regular office usage. The storefronts on the lowest three stories were modified, and windows were installed on the eastern facade. An association of dress manufacturers moved into the tenth floor in 1939, and six commercial and office tenants took space in 1941. Herman's Stores, a sporting goods store, moved into the ground floor in early 1943, and the American Red Cross and two other tenants took space later that year. Some federal government agencies also took space in the Bush Tower during 1944. The Bush Tower was purchased and auctioned off by real estate investor Jacob Freidus in 1945. It was subsequently bought by a syndicate co-headed by real estate developer Joseph Durst in 1951 at an assessed value of $2.03 million. The lease of the ground-level Bryant Theater was sold to Bernard Brandt in 1953. The Bush Tower was sold by the 130-8 W. 42d St Corporation to an unnamed client of Riker & Co. Inc. for $1.15 million in cash in January 1958. The Bush Tower later housed a Wurlitzer organ store, for which the building became well known, until the store closed in 1982. By the 1970s, the Times Square area had become rundown and the ground-level Bryant Theater was showing