According to a tax return, the Philadelphia Theatre Company had a balance of $11 million on its mortgage when TD Bank foreclosed on the theatre. The theater company, which has been struggling financially due to operating and mortgage costs, received $5 million from the state and $3 million from the city to help construct its theater. The theater attached to Symphony House opened at Broad and Lombard in 2007.
The Roberts family, of Comcast, floated a plan to save the Philadelphia Theatre Company last year, but that is contingent on the company staying in the building.
According to CBRE, the building contains a two-story lobby and a 372-seat theater. It’s 32,598 square feet. The brochure, which contains detailed site plans of the theater, is below.