Suburban World Theater in Uptown could become new event and concert venue

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Florida firm YAD Hennepin LLC has owned the building since ‘ The event center would be flexible with movable seating that could accommodate about 450 people for concerts or be used for banquet-style celebrations, Dovolis said.

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The marquee at the Suburban World Theater in south Minneapolis may soon shine again as a developer plans to convert the former movie theater into an event hall and concert venue.

The vacant structure, which was known as the Granada Theater when it was built in 1927, is located on Hennepin Avenue close to Lake Street in a bustling part of Uptown next to an Apple store and across the street from H & M.

The local landmark had been the first neighborhood theater to show talking pictures but for more than five years it has sat empty as the rest of the area grew into a trendy shopping and restaurant hangout.

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Suburban World Theater in Uptown could become new event, concert venue

Doug Hoskin, a principal for Interstate Parking, has emerged as a new buyer of the property, though the deal hasn’t closed yet. Florida firm YAD Hennepin LLC has owned the building since 2014. Hoskin is working with Minneapolis-based firm DJR Architecture to redesign the space.

The project is dependent on approval by the city’s heritage preservation commission, which is scheduled to discuss the plans next Tuesday.

The theater, which is designated as a local historic landmark, is known for its Spanish Revival style with mock balconies, balustrades and arched windows.

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