Remember the Alamo Drafthouse project at the Bloc? It’s finally happening

An opening was first planned in 2015, but delays with a renovation at the DTLA site held it up

Los Angeles /
Jun.June 20, 2019 10:15 AM
Alamo Drafthouse founder Tim League and the Bloc
Alamo Drafthouse founder Tim League and the Bloc

A long-awaited Alamo Drafthouse outpost at the Bloc in Downtown Los Angeles will open in July.

The 12-screen theater was first announced in 2014 with a projected opening the next year.

Now after five years and numerous delays with the Ratkovich Company’s renovation of the 1.8-million-square-foot complex, a soft opening is planned for early next month, according to the Los Angeles Times.

It will be the dinner-and-a-movie chain’s first theater in L.A. The highly successful chain was founded in 1997 and is best known as a pioneer of the full-service theater experience. It was one of the first theaters to serve alcohol. It’s themed nights and art house showings are especially popular. There are now 38 Alamo Drafthouse theaters nationwide.

Things have been smoother for Alamo in New York — one Alamo theater in Brooklyn is set to double in size next year and another is on the way in the Financial District. The lease deal for the latter recently earned Newmark Knight Frank a REBNY award.

Ratkovich completed its renovation in mid-2017, 18 months over schedule and $70 million over budget, according to the Times. A Real Deal investigation around that time found that many tenants first announced at the Bloc hadn’t actually signed leases. By then, Alamo Drafthouse had signed a lease and projected a 2018 opening.

Ratkovich sold its stake in the development to its equity partner, National Real Estate Advisors, early last year.

Alamo joins fast fashion retailer Uniqlo, Macy’s, and L.A. Fitness, among other tenants, at the Bloc. [LAT]Dennis Lynch 


Related Articles

arrow_forward_ios
(Proper Hotel, Google Maps)
Downtown LA’s Proper Hotel to open in July after years of delays
Downtown LA’s Proper Hotel to open in July after years of delays
Larry A. Silverstein with LA's US Bank Tower. (Getty, Silverstein)
Silverstein will pour $60M into US Bank Tower overhaul
Silverstein will pour $60M into US Bank Tower overhaul
Robert F. Maguire III (Getty)
Developer Robert Maguire, known for Downtown LA towers, dies at 86
Developer Robert Maguire, known for Downtown LA towers, dies at 86
Continuum Partners CEO Mark Falcone and the development site (Continuum, iStock, Google Maps)
Continuum Partners plans $2B megaproject to transform Arts District
Continuum Partners plans $2B megaproject to transform Arts District
Rendering of Figueroa Centre (right) with an aerial view of the vacant site at 911-927 South Figueroa Street (Google Maps, CallisonRTKL/Illustration by Kevin Rebong for The Real Deal)
A Genting scion’s plans for a DTLA supertall were quietly shelved. What happened?
A Genting scion’s plans for a DTLA supertall were quietly shelved. What happened?
Renderings of Omni's new project, along with the original Times Mirror Square building. (City of Los Angeles Department of City Planning, WikiMedia)
City approves Onni’s massive Times Mirror Square redevelopment
City approves Onni’s massive Times Mirror Square redevelopment
Christopher Rising and Sam Manoochehri (Linkedin)
Rising Realty expands into multifamily market
Rising Realty expands into multifamily market
 Jade Enterprises’ Director of Development Daniel Taban and 888 South Figueroa Street (Google Maps)
Here’s what tenants are paying at Jade Enterprises’ 888 Figueroa in DTLA
Here’s what tenants are paying at Jade Enterprises’ 888 Figueroa in DTLA
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...