In 1985, Interior Design magazine wrote that The Palladium:
"represents Arata Isozaki's transformation of a vacant and rundown theater (originally built in 1854 as the Academy of Music) into an extraordinary interior that can only be described as a sleek new structure, the equivalent of a seven-story building suing more than 200 tons of steel, within the restored grandeur of the original shell."
It was the party playground for celebrities, including Madonna. Unfortunately, The Palladium saw its best days in the 80's. In 1998, it was closed, sold to New York University, and demolished.
Now, in 2009, the site is the home of Palladium Hall, which houses NYU students as well as multiple NYU facilities, including the Wasserman Center for Career Development,the Palladium Athletics Facility, a dining hall, wireless study lounges and music and piano rooms.
In fact, it also houses me, an NYU senior! And these days, the only excitement that this historic site boasts include lost mail situations and troubles signing in guests with the guards in the lobby. So much for the glory days!