For the past decade the Laemmle Noho 7, an independent-style movie theater on Lankershim Boulevard, has served as a commercial mainstay of North Hollywood’s increasingly buzzy Arts District.

As North Hollywood’s historic El Portal Theatre prepares for its 100th anniversary celebration this fall, visitors might be surprised to learn that the surrounding NoHo Arts District is in decline.

Phoenix Theatres is closing its North Versailles location, effective Sept. 6, the company announced Monday.Labor Day will be the final chance to see a movie at the North Versailles Stadium 18 ...