The theater chain opened three theaters last year and will be acquiring two Crown Theaters March 2. "Our main office recently located to the city of Chicago. I think it is just something that the owners have decided to focus on," spokesperson Clair Malo says.
The 18-screen theater with 4,200 seats, to be constructed in the South Loop, will be the largest theater Kerasotes has built. The project, in the Roosevelt Collection development, is expected to open at the end of the year in time for the holidays. "We feel that this is a very underserved area. The location just looks like a perfect place, especially with the development that is going in around it," Malo says.
Construction is expected to begin this summer on a theater at the intersection of 79th Street and Harlem Avenue, in Bridgeview. The cost for the new projects averages about $1 million per screen, which includes the cost of the construction and land acquisition, Malo says.
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