Willie Hammerstein big draw. Oscar Hammerstein went bankrupt in 1898. The Olympia theater was sold in an auction. Hammerstein managed to raise enough money to build the Victoria Theatre, which opened as a legitimate theater on 3 March 1899. On 26 June 1899 he opened a partially enclosed roof garden theater, the Venetian Terrace Garden, with an outdoor promenade that was attached to the roof garden of Hammerstein's Theatre Republic in 1900. Hammerstein enlarged the roof garden theater and reopened it in May 1901 as the Paradise Roof Garden. In February 1904 Willie Hammerstein took over management of his father's Victoria Theatre.
Hammerstein House Hollywood Historical Society in honor of his late wife Vera Hammerstein. It was his wish that the home be operated as a museum and he contributed many artifacts of his life which form much of the display there. Items on display include Hammerstein's WWI Air Force uniform. The ashes of the home's owners Clarence and Vera Hammerstein reside at the house in two large urns. It was added to the National Register of Historic Places on February 15, 2005. The home is operated as a historic house museum by the Hollywood Historical Society and contains artifacts of the Hammerstein's life.