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Austin360 blogs > Austin Arts: Seeing Things > Archives > 2012 > January > 20 > Entry
Austin Playhouse signs contract to purchase building site at Mueller Austin
Austin Playhouse is one step closer to realizing a new home at the Mueller redevelopment.
Leaders for the non-profit theater report that on Thursday they signed a contract with Catellus developers to purchase a building site in the Town Center portion of the Mueller redevelopment.
Theater leaders have been in negotiations with Catellus, the developers of Mueller Austin, for several months.
In November, Austin Playhouse opened a temporary venue — a 55-by-60-foot tension-fabric tent — at Mueller.
The community theater group plans to build a 17,000-square-foot complex with classrooms and offices as well as a ground-floor space that will be sold to a bar or restaurant.
To date, theater supporters have raised almost $400,000 in pledges and contributions toward the project $4 million new theater project. Most of the financing will come through low-interest loans.
Playhouse leaders said they anticipate closing on the contract within 60 days and that construction would begin then. They hope to have the new theater open in fall of this year.
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