42d St. Revival May Alter Face Of Theater Row
Development that would include as many as 11 Off Broadway theaters and about 250 new apartments is being planned for heart of West 42d Street's Theater Row; some of theaters would replace ones currently on block, and most would be no larger than 99 seats; centerpiece would be 499-seat theater jointly sponsored by Shubert Organization that would be first new commercial stage ever built expressly for Off Broadway theater in New York; large theater and perhaps four smaller ones would occupy base of new mixed-income rental apartment tower; Port Authority of New York and New Jersey has agreed to sell key parcel of land to 42d Street Development Corp to advance project; Brodsky Organization has been selected as project's builder; rendering (M)
