Oakland’s Parkway Speakeasy Theater, defunct since March 2009, has finally found a new lease on life. The second-run cinema – popular among East Bay cinephiles for its overstuffed coaches, eclectic food menu and, best of all, its beer-and-wine bar – will make its new home in the city’s Uptown Art Murmur district, in a 7,800-square-foot space once occupied by a sheet-glass factory.

Although the grand reopening isn’t expected until late summer at the earliest, patrons heartbroken by the Parkway’s abrupt disappearance almost two years ago can finally rejoice, without worrying about the new facility’s sustainability. Spearheading the effort to revive the theater and pub, Oakland’s J. Moses Caesar reportedly plans to sign a 21-year lease on the 24th Street property this afternoon.