Comfortable, dark bar adjoining (and run by) the Lakewood Theater and directly beneath the Balcony Club. It's in the side room downstairs that I've alternately seen used for private parties and as a Green Room. The Arcade Bar is a no-frills, but comfortable joint that should fit in nicely in Lakewood. And there's a big bag of Pup-peroni by the door. This restored 1938 Art Deco Movie Palace in East Dallas is home to a world of movies, concerts, plays, corporate and private special events, film and music festivals and premieres, community gatherings, and more. The Historic Lakewood Theater draws audiences from a wider geographical area, to watch a wider variety of entertainment choices than ever before.