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Historic Everett Theatre is for sale

EVERETT — The Historic Everett Theatre is looking for a new owner.
The landmark theater on Colby Avenue was put up for sale for $2.4 million in mid-February. It currently has upcoming shows scheduled into December.
A real estate broker with Colliers handling the sale, Kim Hutchins, said last week that he’s seen brisk interest for the building. Everyone he’s talked with has expressed interest in keeping it a theater, he said.
Craig Shriner bought out a lender’s note that was due for the theater in March 2014; his brother Curt is the general manager.
In a 2014 interview, the Shriners planned to bring in live music and other events, and followed through with a rotating roster of
visiting bands as well as hosting silent movie nights and comedy specials.
Craig Shriner is selling because it is just “time to move on,” Hutchins said.
The building’s price tag was developed internally from comparing other theaters.
Historic preservationists are watching the sale closely. The 116-year-old building at 2911 Colby Ave. is listed on the state’s Register of Historic Places. Its opening day was Nov. 4, 1901.
“Neither the city or state registers guarantee preservation of the building for the future, but there are
potential financial benefits to preservation,” city spokeswoman Meghan Pembroke said, adding that “It certainly would be eligible for listing on the city’s historic register.”
City zoning at its location could allow it to be converted to uses including general
retail, offices, galleries, hotels, clinics, health and fitness clubs, community centers or apartments or condominiums, Pembroke said.
It started as a road show theater, with luminaries such as Al Jolson visiting. It transitioned into a movie theater for decades until closing in 1989 due to an insurmountable maintenance issue at a time when the theater was losing business to competitors.
A nonprofit society bought it in 1990 and it reopened in September 1993.
A competing theater, the now-demolished Roxy, opened across the street in 1935 and closed in the 1970s.
The site’s underlying zoning code prevents it from being turned into a surface parking lot, Pembroke confirmed.

 

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