The Eagle reported this morning that the Queen Theater in Downtown Bryan has been purchased by the non-profit Downtown Bryan Association for $185,000.
According to the article, the Theater needs quite a bit of work, and will be renovated in three phases. Estimated renovation costs are between $800-900k. Plans for the building after renovation include offices for the Downtown Visitors Center, Community Entertainment Venue and Communications Center (not sure what they mean by this).
I'm looking forward to see how this project turns out. The price of the building considering its location/history/unique facade seems very reasonable. Getting the Queen renovated is a critical move for the continued rejuvenation of Downtown Bryan, as the property is one of the first things that greets your eye if you enter the area from College Station along South College/Main. A polished update that brings the building up to 2010 standards while keeping is historical charm could make the Queen the crown jewel downtown.
Adjacent property owners will most likely enjoy a bump in property value once the Queen gets her face lift, and momentum in Downtown Bryan continues to grow.
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