The Shakespeare Theatre Co. locked up a deal it has been working on for more than six months, to acquire the former campus of Southeastern University, with plans to turn it into an actors’ campus that will support performances in its downtown theater.
Chris Jennings, the theater’s managing director, announced Monday that the theater would develop the building, located at 501 I Street SW, into actor and apprentice housing, rehearsal and performance space, storage for costume and set equipment and education classrooms. Southeastern closed its doors in 2010.
Shakespeare acquired the building in partnership with an Alexandria development firm, Erkiletian Real Estate, which developed hundreds of apartments and condominiums in Alexandria and the Discovery Communications headquarters in Silver Spring.
“Since 2005, we have been exploring ways to create a permanent home for the Company,” Jennings said in a statement. “Erkiletian’s commitment and knowledge of Washington, D.C. caters to our ambition to create a community space for STC and D.C. theatre. Their constant support of the theatre reflects that they will be equally as passionate about this project as we are.”
Follow Jonathan O’Connell on Twitter: @oconnellpostbiz