"An historic off‑Broadway theater at 38 Commerce Street (the space dates to 1923) is being readied to reopen under film studio A24 as a multiuse clubhouse for events, performances and film screenings. Community board filings and a 2023 liquor application (which lists roughly 60 dining-room seats) indicate plans for a lobby restaurant and bar being developed in partnership with Galactus Group LLC (Riad Nasr and Lee Hanson), the restaurateurs behind Frenchette, Le Rock and Le Veau D’Or who have experience honoring a space’s past and operating within cultural institutions. Once home to a restaurant and celebrated for counterculture, off‑Broadway plays and appearances by figures such as Bob Dylan, F. Scott Fitzgerald, Sam Shepard and David Mamet, the venue struggled in later years but is now being reimagined to blend cinematic programming, concessions and hospitality — leveraging A24’s savvy marketing (including branded chocolate bars) — while aiming to respect the building’s storied history." - Emma Orlow