Three Movie Theaters Totaling $47M Planned

CHICAGO-Kerasotes ShowPlace Theaters, based here, have two theaters in Chicago under construction and plan to begin construction this summer on a theater in the suburb of Bridgeview, IL. The cost of the three theaters will be approximately $47 million and includes a 14-screen theater on Chicago’s west side, a 15-screen theater in Bridgeview, Ill. and an 18-screen theater in Chicago’s South Loop.

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.