 Anchoring the west half is 1740 Broadway, a 26-story, skyscraper formerly owned by Mutual of New York, with a weather beacon as well as an imposing facade that was renovated in 2007.The 1600-room Park Central Hotel was built by Harry A. Lanzer and opened on June 12, 1927.Lanzer sold the hotel to Sheraton in 1948 and it became the Park-Sheraton Hotel.