Gay-owned Plaza Theatre staying put after sale

Add this share

The retail center that houses the iconic and gay-owned Plaza Theatre was sold to a North Carolina developer but the theater's owner said the sale won't impact his operations.

Charlotte-based Asana Partners snapped up the landmark retail center on Ponce de Leon Avenue, as well as the building next to it that houses the Majestic Diner. The $18 million acquisition totals 2.6 acres and closed on March 1. And as soon as the deal became public in an Atlanta Business Chronicle story on Thursday, fans of the theater buzzed social media with questions about the fate of the property.

Asana Partners said the sale wouldn't impact the existing buildings, according to the ABC.

Asana Partners’ Sam Judd said the firm has no plans to tear down and redevelop any of the buildings it acquired. It would look to add value to the center through retaining the existing buildings.

Plaza Theatre owner Michael Furlinger was even more direct in a statement he posted to Facebook:

In today's papers an announcement was made about the sale of the Plaza Theatre shopping center, unfortunately the headline insinuated that the plaza theatre had been sold, this of course is not the case. The sale of the shopping center in no way impacts the operation of the theatre or its long term lease.

We look forward to a successful and positive relationship with the new landlord as this shopping center embarks on a new chapter.

Here's to another 77 years of movie theatre magic.

The iconic theater has showed its support for an ousted LGBT leader, hosted James Franco's gay three-way and a bunch of “Sissies,” thumbed its nose at censors and provided a home for the “Rocky Horror Picture Show.”

THE LATEST

Project Q Atlanta goes on hiatus after 14 years

On Sept. 1, 2008, Project Q Atlanta promised a hyper-local “queer media diet” for Atlanta. The site set out to bring LGBTQ news, in-depth...

Photos catch Purple Dress Run invading Midtown

After three years of pandemic-inflicted limitations, Atlanta’s gay rugby squad let loose on one of its most popular events. The Atlanta Bucks Purple Dress...

Ooo Bearracuda: Photos from Bear Pride’s Main Event

The seventh annual Atlanta Bear Pride hit the ground running on Friday with packed houses at Woofs, Heretic and Future. Turned out, they hadn’t...

Atlanta Bear Pride set to go hard and long all weekend

That low, growing growl you hear is a nation of gay bears headed for Atlanta Bear Pride this weekend. By the time they arrive,...

PHOTOS: Armorettes bring back Easter Drag Race magic

Gay Atlanta’s queens of do-good drag brought the sunshine to a cloudy afternoon on Saturday when Heretic hosted the triumphant return of Armorettes Easter...
17,446FansLike
7,001FollowersFollow
7,682FollowersFollow

PHOTO GALLERIES