Atlanta-based MegaStar Cinemas LLC has signed a deal with lead developer Michael B. Vlass for a $16 million, 3,800-seat, 75,000-sf multiplex theatre at the 14.5-acre site, seven miles north of Downtown Orlando. A ground-breaking date for the 16-screen theatre hasn't been set.
The theatre will be built at a hard construction cost of about $4,211 per seat or $213.33 per sf. The project comes just as six other area existing multi-screen theatres are being revived after a two-year industry slowdown.
This is three-year-old MegaStar's first Florida venture. The theatre will also be the first in the area to offer VIP suites for small business groups or private parties; a children's birthday party suite; and a full-time concierge for personalized customer service, concepts that MegaStar developed in 1999, chairman Jeffrey G. Kiser says in a prepared statement.
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