Owner of shuttered theater hopes it will remain moviehouse
By Kim Leonard, PITTSBURGH TRIBUNE-REVIEW
Friday, March 5, 2010
The search is on for a theater operator willing to start the projectors rolling again at the just-closed Squirrel Hill Theater.
Equity Real Estate of Squirrel Hill said Thursday it’s contacting Pittsburgh-area theater owners and developers, along with national chains, to gauge interest in continuing the Forward Avenue building’s seven-decade identity as a neighborhood entertainment venue.
“We are pursuing efforts to attract another movie theater there,” real estate agent David G. Tkacik said. Equity represents the theater’s owner, Alderson-Forward Properties LLC, a group of local and national investors.
The Squirrel Hill Theater closed Wednesday. Operator Richard Stern said his firm, Stern Enterprises, couldn’t continue to absorb losses there but will continue to run the profitable Manor Theater nearby on Murray Avenue.