By: Jan Buchholz
The Alamo Drafthouse Cinema LLC revealed designs Tuesday for its new redevelopment at South Lamar Plaza. The drawings were released just hours after the sale of the site was completed by the developer, Greystar Real Estate Partners LLC.
Alamo Drafthouse will be renovated dramatically to include three additional screens, a new lobby and a new parking lot, all with increased capacities. It will close temporarily on Jan. 3, 2013.
In the meantime, the nearby Highball bar will close on Nov. 17 for its renovations. Its configuration will include new private karaoke rooms and a stage for live events. It will not feature vintage bowling, however. Both establishments will reopen in the third quarter 2013.
“As much as I love the current shopping center, the redevelopment of South Lamar Plaza will enable us to execute much needed lobby renovations and increase the parking capacity for the complex,” said Tim League, founder and CEO of the Alamo Drafthouse Cinema and the owner of Highball. “I am very excited about the design of the new space and I feel that after a brief closure we will reopen with the best Alamo Drafthouse yet.”
The Austin Business Journal previously reported about the trials and tribulations of the project that was temporarily derailed by a variety of issues. Greystar in the long run was able to retain the development, however, and the deal was sealed yesterday when the property officially closed for an undisclosed price.