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Read the press release here.

VIDEO: Roseland Ballroom Being Gutted to Make Way for Apartment Tower

By Rosa Goldensohn | August 27, 2014 4:37pm | Updated on August 29, 2014 3:31pm
 The venue closed its doors last year.
The venue closed its doors last year.
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DNAinfo/Rosa Goldensohn

MIDTOWN — Bye, Bye Roseland Ballroom. 

Demolition is well underway inside the former 52nd Street concert hall, which hosted stars including The Rolling Stones, Phil Collins, Beyoncé and Lady Gaga as well as scores of smaller acts before it closed its doors last year, DNAinfo witnessed on Wednesday.

Crews worked Wednesday afternoon to tear up the interior of the two-story ballroom, in preparation for owners Roseland Development Associates' plan to build a residential building with a ground floor retail space, according to city records. The music venue had been in its current location since the 1950s, after opening in a nearby spot as a dance hall in 1919.

Community Board 5 approved a transfer of air rights for the new tower
in December 2013, but said it was "saddened to see that the Roseland Ballroom will be torn down to make way for this development and [wish] that a development incorporating the Ballroom as a viable use and as an important venue in New York City would have been presented."  

Watch the destruction here:

 

The spot's trademark diamonds were still visible on the wall.