Harkins Theatres to Construct New Luxury Megaplex at Northglenn Marketplace
NORTHGLENN, Colo. (PRWEB) April 17, 2019 -- Harkins Theatres plans to open a new 12-screen luxury movie theater at the Northglenn Marketplace in late 2020. This is the catalyst to revitalize and re-energize the center. The brand new 55,000 square-foot theater will be located on the northern end of the center in the area presently occupied by Bed Bath and Beyond.
“Northglenn residents have been asking for a theater for years and I’m happy to say we will have it,” said Mayor Carol Dodge. “Harkins’ premier experience theaters will be an impressive anchor tenant that will ignite renewal of our Marketplace, and we welcome them to our community.”
Bed Bath and Beyond has signed a lease to relocate to the former 25,100 square-foot Borders building on the east side of the Marketplace. They plan to start interior and exterior improvements and move in by early fall. Once relocated, construction will begin on the theater.
In late 2018, Hutensky Capital Partners (HCP) of Hartford, Conn., purchased 439,000 square feet at the Marketplace for $48 million. HCP and Northglenn Urban Renewal Authority (NURA) entered into a public/private redevelopment agreement to invest in the redevelopment and stabilization of the center. “The theater will be a game changer for the Marketplace,” said Rosie Garner, NURA chair. “Once again, NURA is a collaborative partner in the reenergizing another of Northglenn's iconic retail locations.”
Founded in 1933, Harkins Theatres is a family-owned and operated business. They are the largest independently owned movie exhibitor in the country with more than 500 screens. We are very excited to be able to bring the most advanced state-of-the art theater to Northglenn,” said Dan Harkins, Owner and Executive Chairman of Harkins Theatres. “Our new Northglenn Harkins Theatres location will include our latest and greatest amenities and programs that we are thrilled to share with a new community of movie-lovers.”
“We believe the theater will add an exciting entertainment component to the property as part of our effort to deliver a first class tenant line up to the market,” said Brad Hutensky, Founder and CEO of HCP.
“We are excited that our plans for this phase of our dynamic entertainment destination are coming to fruition. It will truly position Northglenn Marketplace as a regional destination,” said Mayor Dodge.
Northglenn, Colo., is a city of 38,905 residents that is located 13 miles north of downtown Denver. In the heart of the metro area, Northglenn is a place to call home and a forward-thinking community where businesses can thrive. Learn more by visiting northglenn.org. Like us on Facebook, @cityofnorthglenn, and follow us on Twitter, @northglennco.
The Northglenn Urban Renewal Authority (NURA) is a special purpose governmental entity that was created by City Council in 1990 to deal with economic and physical blight.
Heather Rule Grady, City of Northglenn, http://www.northglenn.org, +1 (303)514-9650, [email protected]
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