José Cheo Oliveras, Artistic Director of Teatro Círculo, announced that the breaking ground date of the renovation project of their recently acquired building will be October 2010. For the last three years Teatro Círculo has been working tirelessly to raise $3.5 million dollars to renovate the building at 64 East 4th Street in Manhattan. This purchase was made in conjunction with Teatro IATI and Choices Theatre Company, the sister companies who will be housed in the new facilities. Once the renovation is completed, the building will provide for ample rehearsal space, administrative offices, a main stage theater and a black box theater for the three companies. "We are at the point of no return"- said Oliveras who mentioned that at this point the capital campaign has raised $2.7 million dollars for the project. "The acquisition of this building will anchor us in this historical theatre block. We are proud to have the opportunity to serve the cultural needs of the Latino community of the Lower East Side and to be part of the revitalization of this "de facto" theatre district."-said Oliveras.