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This strip of Peachtree, from 8th Street to 14th, became famous, and infamous, during the late-1960's as the center of the counter culture / Woodstock generation / hippies, and became almost impassable at night as thousands of people came to either gather there or see the sights. By 1970, the fad had passed and the area had become a rundown crime and drug infested strip. Some effort was made to revive the area in 1971 with the construction of the Colony Square office complex at 14th Street, and the reopening of the old Peachtree Art Theatre at 13th under the name of Weis Cinema. (The Peachtree Art Theatre was a true art theatre in the accepted definition of the term as opposed to the "porno" type of theatre which almost always included the word "Art" in their name.) The Peachtree Art has a page on this site and is probably most famous for being the destination of Margaret Mitchell, author of Gone With The Wind, the night she was struck and killed by a taxi while walking across Peachtree Street in front of the theatre.
It took another 25 years for this area to truly turn around, but today it is the hottest spot in the downtown development market. The Peachtree Art / Weis Cinema was demolished and a Bell South office tower now sits on the site. The strip of storefronts containing the 10th Street Art was torn down and the Atlanta branch of the Federal Reserve Bank now occupies that spot. The building that housed the Metro has seen many different versions of clubs and restaurants, but the last time I was by there it was still standing. This whole area is now a jungle of high rise buildings and construction cranes, so I am sure that it is only a matter of time until this site is gone as well if it has not already.
As for the 10th Street Theatre that is the subject of this page, I never saw it. However, even after its conversion to the House of Eng, it still looked like a movie theatre from the street.