An iconic block on Edmonton’s Jasper Avenue could be getting a new lease on life. The Paramount block, which includes the Paramount Theatre, has been purchased by the Gather Co., a commercial real estate agency in Edmonton. “The Paramount Block is an important part of Downtown Edmonton’s history, and the group is excited about the opportunity to explore its next chapter.” The company owns several commercial properties across Edmonton, such as the Mercer Warehouse, the Stovel Block and the Dazmo Building. The Paramount Theatre, which opened in 1952 and closed in 2007, is not an official municipal historic building.