Their new space will be on Ashwin Street, in the Colourworks. As well two professional theatre spaces, their new home will have youth and community and rehearsal spaces as well as an expanded Arcola Energy research centre and a new café / bar.
The Colourworks itself is a historic building, being the former home of Reeves, the world famous fine art paint manufacturers, whose paint was used by artists such as Turner and Constable. It is owned by theBootstraps Trust, an organization that exists to improve the social, economic and cultural environment of Dalston.
The final production at the current Arcola Theatre will be The Cradle Will Rock by Mark Blitzstein, which closes on December 18th at which point the theatre will move to its new home.
You can find more about the work, and their fundraising campaign here, follow the progress of their work on their blog, and they are also posting weekly video updates of the work so far. You can see the first of them here.