I don't know anything about movie theaters or real estate, nor do I have any money. But the historic Alambama theater in Houston has recently been vacated by the 25 plus year tenent, and it seems like a perfect location for an Alamo Drafthouse similar to the one in downtown Austin. The theater dates back to the thirties, and it's more or less been in use for most of its existence. Twenty five years ago, another Austin company, Bookstop, renovated the theater and turned it into a wonderful bookstore. The rows were turned into stacks of books; the stage, a magazine stand. There's a lit upThe Alamo Drafthouse is a franchised movie theater chain based out of Austin. The first one is located off of Colorado in downtown Austin, and it's the only one I've been to. (I think it's since moved to 6th street.) There are two in the greater Houston area, but they're both so far away that I might as well go to Austin.
marquismarquee on the front of the building, and the art deco decor still is on the walls. The screen and curtains still hang. After Barnes and Noble bought out Bookstop, a Starbucks went into the balcony. Sadly, Barnes and Noble recently built a larger store in a nearby location, and they closed Bookstop at the Alabama Theater on September 14.
I don't know anything about the building's cost or square footage or leasing requirements. I don't know anything about your company and the way it expands. This thearter seems different than the other franchise Alamo Drafthouse locations, aside from the original, as it's a single screen well within the heart of a city. But the demographics of the neighborhood seem like they'd work. The theater is where River Oaks and Montrose and Midtown meet. There is a Landmark theater in the River Oaks Theater about a mile and a half away, and there is an Edwards Megaplex about two miles away on the freeway. But there is nothing like the Alamo Drafthouse anywhere nearby. River Oaks/Upper Kirby residents tend to be affluent and cultured. Montrose/Midtown/Heights residents tend to be ecclectic and progressive. Rice University is just down Shepherd 2 miles.
This weekend, a Buffy-Sing-a-Long was held in one of our public parks in downtown Houston (about 5 miles from the Alabama theater) and the response was overwhelming. The park was filled with happy Buffy fans popping poppers and telling Dawn to shut up. I don't know the numbers, but it seemed that at least a thousand people were there.
I'm just a resident of Houston who is sad to see the Alabama theater empty. When chatting with my friends about the fact at the Buffy Sing-a-Long, we realized that the match up of the Alamo and the Alabama could be perfect. Should you have any Houston based investors/inquiries, maybe you would want to direct them to the Alabama?
The concept is pretty awesome. Food and booze are served during the movies. There are long tables in front of the seats, and servers take orders before the movie starts. You can also order during the movie by placing the order on a white strip of paper. The menu varies from location to location, but the menu in Austin rocks. Also, they have lots of special events. Sing-a-longs, showing classic movies, movie screenings with special guests, movie and food pairings, themed movie nights, etc.
At any rate, I think it'd go over well at the Alabama theater.