Timeline Theatre Company Purchases Uptown Property To Be Site for Its Future Home
1/2/2019, noon | Updated on 1/2/2019, noon
“In moving to Uptown, TimeLine joins an incredible neighborhood and a vibrant art scene,” said Managing Director Elizabeth K. Auman. “We believe that arts institutions should reflect the needs of the neighborhoods they are in, and we look forward to working closely with the Uptown community to form strong, open partnerships, collaborate on
shared goals and contribute another voice to= one of Chicago’s most diverse neighborhoods” they chose Uptown for their future home.”
The building at 5035 N. Broadway was built in the 1910s by W.C. Reebie & Brother, a moving and storage company founded in 1880 that still operates today. “We are excited to take this more than 100-year-old building and create within it a modern facility that will draw audience members from around Chicago and beyond to experience engaging and thought provoking theatre,” said Powers. “Reusing and revitalizing this building truly embodies our mission of bringing history to life and connecting the past with the present.”
With the purchase of this property, TimeLine immediately begins the next steps of its new home project. The total project budget is still in development but is estimated to be approximately $20 million, to be paid
through a combination of private philanthropy and other sources. The project is expected to take several years to complete as the company moves through overlapping design, fundraising, and construction phases.
In the meantime, TimeLine will continue to maintain its operations and present the majority of its productions at its current home leased within the Wellington Avenue United Church of Christ, located at 615 W. Wellington Avenue in Chicago’s Lakeview East neighborhood.
The property at 5033–5035 North Broadway Avenue was purchased from CEDARst Companies, a diversified holding company headquartered in Chicago with major interests in real estate, hospitality, entertainment,
and a number of venture start-ups, which is currently developing multiple new residential projects across and down the street from the future TimeLine location. The sale closed on Wednesday, December 19, 2018 for a price of $2.699 million.