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Grande Venues (Henslowe Group) signed a long term lease to operate the Portage Park Theater in the northwest side of Chicago.

As developer, GVI (Henslowe Group) signed leases with the Chicago Kids Company, Hystopolis Puppet Theater and the ACT Theater Company to sublet space with the old movie house. The staff assisted ACT in forming a 501(c)(3) to help them obtain funding. The plan allowed the developer to collect rent from all four entities.

Henslowe Group created a detailed calendar and programming schedule for the two theatres as a fundraiser and marketing tool. The development plan involved architectural design, leasing opportunities, and not-for-profit business development.

The City of Council of Chicago adopted a complex series of rules for "Public Places of Amusement" making development nearly impossible. Still Henslowe continued and worked out a strategy.

The Henslowe Group entered into a long term lease with the Universal Church. They bought Henslowe's "Lease with Option to Purchase" for a significant amount of money (leases and various documents available upon request).

The property finally reverted back to its intended use as a theatre in the Portage Park neighborhood. The Portage Park Theatre is now locally managed and is open for business as a 1,321 seat theatre. See: http://www.portagetheater.org/


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Grande Venues, Inc. • Historic Property Development & Consulting • PO Box 33, New Ulm, MN 56073 Tele: (308) 384-6816 • EMAIL