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River Oaks Theatre set to close after no deal reached with landlord
Landmark Theatres said it presented a “fair and reasonable proposal” to Weingarten Realty and asked for a response by end of day Friday but didn t receive one. Author: KHOU 11 Staff Updated: 10:25 PM CST March 12, 2021
HOUSTON It appears the iconic River Oaks Theatre is set to close after its parent company said the landlord did not respond to a proposal that would keep the venue open.
The theater’s lease was set to expire at the end of this month. Landmark Theatres, the venue’s parent company, said it presented a “fair and reasonable proposal” to landlord Weingarten Realty and asked for a response by close of business Friday. Landmark Theatres said the landlord has not responded.
Future of River Oaks Theatre uncertain as lease negotiations stall
KTRK
HOUSTON, Texas (KTRK) The future of River Oaks Theatre appears to be uncertain.
The lease between Landmark Theatres, which owns and operates River Oaks Theatre, and Weingarten Realty, the landlord, is coming to an end, and ABC13 has been told negotiations to renew or extend the lease have stalled. Talks with the landlord have been periodic and intermittent, and as of late, we just have not been able to get them to try to work with us, said Paul Serwitz, the CEO and president of Landmark Theatres.
The niche venue specializes in independent films, foreign language movies and documentaries. Serwitz calls it an arthouse tailored to cult classics.