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|Home: BigScreen Journal - West Allis, WI: Paradise Theatre Purchase by Epikos Church Completed, $2.2M Restoration Project to Begin|
The Business Blogs section of the Journal Sentinel is reporting that the reported sale of the Paradise Theatre in West Allis, Wisconsin is now complete, and the church is planning to begin a $2.2 million restoration project:
The Paradise Theater building, in West Allis, has been sold to a church that is starting work to transform the former cinema into a sanctuary.
Paradise LLC has sold the 31,600-square-foot building, at 6217-6301 W. Greenfield Ave., to Epikos Church for $62,500, said Adam Matson, of NAI MLG Commercial, who represented Epikos.
Brian Parrish, of Dickman Co. represented Paradise LLC, an investors group led by Courtney Hollis, wife of Jay Hollis, former owner of Rosebud Cinema Drafthouse.
Church officials previously outlined plans to make the former theater a second location for Epikos, now located at 2308 E. Belleview Place. The church has nearly 500 members, some of whom live in West Allis and other areas on Milwaukee's west side.
The restoration, including a new roof, new windows and new mechanical systems, will cost an estimated $2.2 million, said Epikos Pastor Danny Parmelee. He said the church is embarking on a fundraising campaign, and has been contacting lenders to help finance the project.
The church hopes to begin renovations this summer, with completion by summer of next year, Parmelee said.
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