April 24, 2015 NORWALK, CT -Wall Street Theater Company announced that it has successfully closed on full construction financing for the redevelopment of the Wall Street Theater located in the heart of downtown Norwalk.
Patriot National Bank provided the loan financing of $5.2 million to facilitate the construction of the Wall Street Theater, formerly known as the Globe Theater at 71 Wall Street, Norwalk.
Frank Farricker of Lockwood and Mead, developer for the theater expressed excitement in anticipation towards construction of the theater. “All that is left to do for construction to get underway is to procure the waiver from the Department of Housing and Urban Development, allowing us to commence with the construction process. The Mayor’s office and Norwalk’s Redevelopment office are assisting us with this process and we are grateful for their attention.”
The final result of the redevelopment of the Wall Street Theater will be a multi-use theater with state-of-the-art technical capabilities. Several innovative design applications to both the interior and exterior of the location, including a historic period renovation will make this 750-900 seat theater an integral part of the redevelopment of the Wall Street area of Norwalk.
Bob Kennedy, the Executive Director of the Wall Street Theater is tasked with establishing the theater as a versatile entertainment destination for the area. “The next six months are going to be an exciting time and I look forward to working with community members, residents, and businesses to help bring the city of Norwalk a gem of a destination that they can be proud of, plans are underway for a stellar opening night.”
The Wall Street Theater was originally constructed in 1914 and opened its doors as the Regent Theater in September of 1915; celebrating its 100th anniversary this year it remains one of the oldest theaters in Connecticut. President of the Wall Street Theater, Suzanne Cahill remarked, “We look forward to getting things further underway, all of us on the board are proud of the work of our developer Frank Farricker, and our Executive Director Bob Kennedy, we are grateful for the financial partnership with Patriot National Bank and their faith in the arts and their support of the Norwalk community through their assistance with the Wall Street Theater. Soon we will have sponsorship opportunities for the community at large which will help us defray programming and operating costs. We look forward to creating both a strong volunteer and donor base to help us further succeed.”
For a tax deductible donation, please visit:http://wallstreettheater.com/donate/
ABOUT THE WALL STREET THEATER:
The Wall Street Theater will be the first next-generation theater in Connecticut to provide theater enthusiasts with a true transmedia experience, igniting seamless storytelling across multiple media channels. Offering live shows, interactive entertainment, cinema, digital productions, art space, and a community arena in which to play, the Wall Street Theater is poised to be the where to go destination in downtown Norwalk.