The Paramount Theater is a former movie palace located at Flatbush and DeKalb Avenues in downtown Brooklyn. Originally opened in 1928, the building has been owned by Long Island University (LIU) since 1962. Converted for use by LIU as classroom space and a gymnasium, the building retains much of the theater’s original decorative detail.
Schimenti and Live Nation intend to revive the 90-year-old venue by retaining and restoring many of its existing features while modernizing the space to meet today’s standards. While the theatre’s main focus will be revitalizing its legendary music roots, when completed, it will also host a mix of family entertainment, comedy, sporting events, special events, and private programs for LIU students.
The 72,000 SF redevelopment and 3,000-person capacity venue will be able to house a flexible seating configuration that will accommodate primarily general admission-style setups, with the opportunity also to do seated floor events. The new venue is slated to open to the public in 2024.