(Crystal Proenza is associate editor of Real Estate Florida.)

PLANTATION, FL-Muvico Entertainment LLC has agreed through a letter of intent to bring a 14-screen theater to 321 North, a $1-billion mixed-use community in development here. Developer US Capital Holdings LLC will lease 70,000 sf on the 35-acre site located at Broward Boulevard and University Drive to the theater for 20 years.

"A top-flight entertainment company such as Muvico is the perfect fit for 321 North," said Wei Chen, CEO of US Capital. "It offers the community family entertainment in an exciting setting that melds arts, culture and shopping with working and living."

The new theater is set to feature 3,300 seats and is scheduled to open in October 2010. Muvico has 11 theaters in the state of Florida, all decorated in an architectural theme with amenities such as gaming arcades, VIP areas and child-care facilities. The Plantation theater will feature an interactive gaming lounge called the Digital Den.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.