The Palace Theatre is a Broadway theater at 1564 Broadway, facing Times Square, in the Midtown Manhattan neighborhood of New York City. Designed by Milwaukee architects Kirchhoff & Rose, the theater was funded by Martin Beck and opened in 1913. From its opening to about 1929, the Palace was considered among vaudeville performers as the flagship of Benjamin Franklin Keith and Edward Franklin Albee II's organization. The theater had 1,743 seats across three levels . The modern Palace Theatre consists of a three-level auditorium at 47th Street, which is a New York City designated landmark. The auditorium contains ornately designed plasterwork, boxes on the side walls, and two balcony levels that slope downward toward the stage. When it opened, the theater was accompanied by an 11- or 12-story office wing facing Broadway, also designed by Kirchhoff & Rose. The Palace was most successful as a vaudeville house in the 1910s and 1920s. Under RKO Theatres, it became a movie palace called the RKO Palace Theatre in the 1930s, though it continued to host intermittent vaudeville shows in the 1950s. The Nederlander Organization purchased the Palace in 1965 and reopened the venue as a Broadway theater the next year. The theater closed for an extensive renovation from 1987 to 1991, when the original building was partly demolished and replaced with the DoubleTree Suites Times Square Hotel; the theater was reopened within the DoubleTree in 1991. The DoubleTree Hotel was mostly demolished in 2019 to make way for the TSX Broadway development. As part of this project, the Palace closed again in 2018 and was lifted in early 2022. , the renovation is scheduled to be completed in 2023. Buildings The Palace Theatre is at 1568 Broadway, at the southeast corner of Seventh Avenue and 47th Street, in the Theater District of Midtown Manhattan in New York City. It faces Duffy Square, the northern end of Times Square. The theater's site abuts the I. Miller Building and Embassy Theatre to the south. The Palace Theatre was designed by Milwaukee architects Kirchhoff & Rose and was completed in 1913. The theater was funded by Martin Beck, a vaudeville entrepreneur. The theater has been housed in three buildings over the years. While the interior space dates to the 1913 design by Kirchhoff & Rose, the original theater building was partly demolished in 1988 and the theater space was renovated inside the DoubleTree Suites Times