Nike to Boot Planet Hollywood from Times Square?

1540 broadway property shark 01 Nike to Boot Planet Hollywood from Times Square? The Post‘s Steve Cuozzo this morning has it that Planet Hollywood at 1540 Broadway in Times Square will soon be replaced by either a Nike or an H&M store.

Sources said the theme restaurant and landlord Vornado, which owns the retail portion of 1540 Broadway, have worked out a deal for Planet to leave the space soon. Vornado declined to comment.

Meanwhile, the office space above Planet Hollywood ain’t doing too bad. As The Observer‘s William Alden reported last month, the Chinese equivalent of the BBC, Xinhua, took over 18,000 square feet on the top floors. As Mr. Cuozzo points out:

That brought the 907,427-square-foot office tower to 84-percent leased. Since CBRE Investors bought it in 2008, it’s found tenants for 80,000 square feet. Now, only 74,000 square feet remain available, according to leasing agent CB Richard Ellis’s Howard Fiddle.