NEW YORK CITY-Times Square is getting its “Hollywood” moment. After sitting empty for more than 20 years, the long-vacant property at 217 West 42^nd St. will be transformed into a 4-D theater devoted to the Broadway experience, the New York Post reported.

Broadway 4D Theaters LLC has entered into a long-term lease for the Times Square Theater with nonprofit the New 42^nd Street Inc. to bring the building back to its former grandeur, planning a full restoration of the 1920s-era cinema. The project, called “Broadway Sensation – A 4D Musical Spectacular,” will include a 3-D film-enhanced show with in-theater special effects. It is set to open in late spring or early summer of 2013.

Cora Cahan, president of the New 42^nd Street Inc., says in a statement that the developers are “dedicated” to restoring the theater as a place to “celebrate Broadway musicals of the past, the present and the future,” all while fulfilling its commitment to the city and State of New York to “reinvent the historic theaters on the block as places of popular art and culture for the 21^st Century and beyond.”