Real Estate Scene '06.

The article focuses on the threat posed by the New York City's real estate market to the Broadway. The Broadway Dance Center is mired in a legal battle with its landlord, the Extell Development Co., to keep its space at 221 West 57th Street. Allison Ellner, the center's chief executive officer and director, said Extell offered her $1 million to leave but she declined, with relocation costs estimated at $3.4 million. Broadway Dance Center, on September 9, 2005 received a notice from Extell that they were in default of their lease for not having a public-assembly permit and that if the problem was not addressed within five days, their lease would be canceled.