The ever-expanding Alamo Drafthouse has signed a letter of intent to open an eight-screen theater in downtown LA.
Of course, "intent" is still a ways from settling in to watch the latest indie hit with a side of queso. Los Angeles Downtown News, which broke the story, cites developer Saeed Farkhondehpour as a source. However, construction has yet to begin on the building that would house the first Los Angeles Drafthouse.
An Alamo spokesperson would not comment on the report beyond saying, "We have had discussions but no formalized agreement."
Farkhondehpour said he expects a lease to be signed this month. A 30,000-square-foot single-story building would go up on a parking lot that sits atop a hill that rises from the commercial plaza of the 96-unit apartment complex. The site currently houses a 300-space parking lot.
Plans call for the theater to be built into the hill with a rooftop garden. Some parking on the lot would remain.
If all goes according to plan, Farkhondehpour expects the theater to open in about 18 months.