After buying the old NY Times Building on West 43rd Street for $525 million in 2007, developer Lev Leviev hoped to renovate it and market it as a "first-class office building." But "Then the market collapsed. Layoffs prevailed." Now, the NY Times reports, "Now Mr. Leviev is back with a partner and a new plan to turn the 15-story building, where printing presses once churned out newspapers, into a glamorous three-decker sandwich, with a vertical mall that includes luxury shops on the lower floors, along with exhibition space and a stylish bowling alley and nightclub surrounded by seven restaurants. A high-end hotel with as many as 379 rooms would sit in the middle, and 26 penthouse condominiums on top."