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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Photo courtesy A. Vandalay via Creative Commons

Photo courtesy A. Vandalay via Creative Commons

The lease for the current tenants of Lakewood Theater is over at the end of January, and it’s anybody’s guess what will happen to the beloved East Dallas landmark, but there are confirmed rumors of interest by Alamo Drafthouse.

As we reported last November with our story Lakewood Theater Makeover Concerns Preservationists, Neighbors, property co-owners Craig Kinney and Bill Willingham of Willingham-Rutledge have been talking to restaurants and businesses that could fill the space, located at 1825 Abrams Pkwy.

Two theater groups have expressed interest, and one of them is the Alamo Drafthouse, confirmed Kinney, who also co-owns surrounding properties in the southwest strip.

“We’ve talked to everybody,” Kinney told Dallas Morning News reporter Robert Wilonsky.  The situation remains, though, “Nobody’s committed. So I can’t tell you whether they’re interested or not.”

Wilonsky also talked to Alamo Drafthouse COO Bill DiGaetano, who wouldn’t confirm any plans on the record, but emphasized his company’s interest preserving in historic theaters.

“Alamo has a policy not to comment on real estate negotiations, whether real or fictional,” he told Wilonsky. “But we have a long history of preserving 35mm film and, as shown by our Ritz Theater in downtown Austin and the current restoration of the New Mission Theater in downtown San Francisco, we have a huge passion for preserving great classic movie houses. I personally love the Lakewood Theater and would love to see it stay a theater.”

DiGaetano also made a point of addressing what seems to be the biggest concern of neighbors and preservationists: the colorful tower. “If anything came to fruition, we wouldn’t touch the marquee or the tower.” Jump to read more!

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