Alamo Drafthouse is a likely tenant for the Lakewood Theater, but parking issues and rent price are sticking points. Photo: Mike Merrill

Alamo Drafthouse is a possible tenant for the historic Lakewood Theater in East Dallas, but parking issues and Alamo’s offered rent are proving problematic in negotiations. Photo: Mike Merrill

As we reported in January, the now-empty Lakewood Theater has an interested suitor, the Alamo Drafthouse, and negotiations are quite a ways along now.

Property co-owners Craig Kinney and Bill Willingham of Willingham-Rutledge talked to multiple restaurants and businesses that could fill the historic space in various incarnations, located at 1825 Abrams Pkwy. in East Dallas. It has stood empty since the last tenant’s lease ended at the end of January.

Things seemed most promising with Alamo Drafthouse, according to the Lakewood/East Dallas Advocate, but two issues are creating problems. And those issues could mean Lakewood Theater’s chances of staying a theater, and not getting broken up into multiple spaces, are at risk.

Built in 1938, Lakewood Theater is not protected by any official historic designation, and while the co-owners have verbalized their commitment to keeping the marquee intact, the interior is another story. If the Alamo Drafthouse doesn’t work out, “We have other options that may involve carving up the space. We just don’t know yet,” Kinney said back in November.  

But let’s get back to the current issues at hand.

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