Thanks for the advice. I decided to leave the room as is which will be the first picture for now.
I will start my theater build when we get into the house and situated.
I have already purchased the speakers (Focal 716Vs with Focal CC700 Center). I chose these speakers after demoing every speaker I could find. I received my Panasonic AE8000 today as well as my HSU VTF-15H sub! The builder does want to do the risers for me as he will have to install power outlets for the theater chairs. Without an AT screen I'm not sure what else I'd do for the center other than have it mounted below the screen. I can't really bring the screen out anymore from the wall as there will be a popcorn/snack bar at the end of the room and the viewing distance would be too close for my taste.
A very gracious local forum member said he'd help me a bit with the work. I am planning on blacking out the front wall with GOM or similar fire rated fabric after a bit more research on materials.
The front speakers will be raised behind the fabric wall and am planning on a motorized curtain (space permitting) to be used for both aesthetics and as a masking system when viewing 16:9 or 4:3.
I will also build some columns with hidden storage. My wife has decided on a medium gray paint for the walls with dark trim since I'm damn near colorblind I'm not allowed to pick them
Quick & Dirty mock up. Question, if I black out the wall with fabric should I still paint that wall flat black or just leave it the medium gray?