Landmark lost its lease in 2010 to the Seattle Theatre Group, a non-profit organization that also operates the Moore Theatre and Paramount Theatre.

The Neptune was closed for a $700,000 renovation in January 2011 and re-opened on September 25, 2011, becoming a performing arts and music venue in addition to a movie theater.

The 2011 renovation saved the building from demolition for the adjoining U District Link light rail station on NE 45th Street.
Sound Transit was forced to re-engineer the station to avoid the theater building, and to underpin the Neptune's foundation.

After the theater's 2011 renovation, its first act was Pacific Northwest musician Mark Lanegan at a soft opening in June; the official opening in September was marked by a screening of Rocky Horror.

The building was nominated to become a city landmark in 2012.
The Seattle City Council passed an ordinance in 2014 designating the Neptune Building as a city landmark, levying certain protections on the property.
Landmark lost its lease in 2010 to the Seattle Theatre Group, a non-profit organization that also operates the Moore Theatre and Paramount Theatre. 
The Neptune was closed for a $700,000 renovation in January 2011 and re-opened on September 25, 2011, becoming a performing arts and music venue in addition to a movie theater.
The 2011 renovation saved the building from demolition for the adjoining U District Link light rail station on NE 45th Street. Sound Transit was forced to re-engineer the station to avoid the theater building, and to underpin the Neptune's foundation.
After the theater's 2011 renovation, its first act was Pacific Northwest musician Mark Lanegan at a soft opening in June; the official opening in September was marked by a screening of Rocky Horror.
The building was nominated to become a city landmark in 2012. The Seattle City Council passed an ordinance in 2014 designating the Neptune Building as a city landmark, levying certain protections on the property.
Neptune Theatre (Seattle)