By Digital Free Press
The Phoenix Theatre Company has purchased a downtown apartment complex, which representatives there say, is the second multifamily complex owned by the nonprofit organization.
The apartments will house directors, designers, performers and apprentices. The first apartment building was bought in 2014, has 24 units and is about a mile from the theatre, according to a press release.
“We are very fortunate to have found this complex at the right time as we embark on a significant growth period as an organization,” said Vincent VanVleet, executive director at The Phoenix Theatre Company.
“We’ve been looking for a new property for about a year. This complex is a niche property that fits our unique needs perfectly and will help us expand our organization, increase revenue and attract more talent to our theatre both now and in the future.”
Built in 1961, the newly acquired property, found at 1422 N. 5th St. in Phoenix, is just a few blocks from The Phoenix Theatre Company.
