The Boston University-owned BU Theatre on 264 Huntington Ave., which was put on the market in October, was sold after a six-month-long process, according to BU’s Senior Vice President of Operations Gary Nicksa.
The $25 million dollar revenue from the property will go toward the new theater art facility on Commonwealth Avenue.
“Right now, we’re in the early stages of the design and just beginning the public approval process,” Nicksa said. “What we’re planning on doing there is building theater arts production space — scene shops, paint shops, lighting studios — and a 250-seat studio performance theater, a black box theater. We’re not replacing the big proscenium main stage.”
Nicksa said the new location of the facility will be more convenient for students.
“The production and the studio performance space that will be located here on Commonwealth Avenue will allow theater students to attend classes here rather than having to take the bus and go to Huntington Avenue,” Nicksa said.
The sale will take up to 45 days to complete, according to BU spokesperson Colin Riley.
Dave Sebastian contributed to the reporting of this article.