Mario Zaka, consultant for Colliers International Albania, says there are two theater companies now being sized up to run the bi-level, six-screen cinema. One is an affiliate of the local developer, the Millennium Group, and the other is an international operator. He says the developer scraped a theater from the site and was required to have one in the rebuild because there are only "three or four" citywide.

Zaka tells GlobeSt.com that the theater operator's decision has been put on hold so the leasing team could concentrate on preleasing the 7,000 m2 [75,347.3 sf] of office space for the project, which sits 200 meters from the main square in one of the highest foot-traffic locations in the city center. "We believe we're going to find someone in early 2009," Zaka says. "We expect Millennium to be absorbed. We have no problem in the market."

Based on construction costs, Millennium Business Center is a 22 million euro [$32.4 million] to 25 million euro [$36.9 million] addition to the city's urban core. More importantly than its cost, Zaka says it's a true class A by BOMA standards and one of the few in a market coming unto its own as a regional office hub. "It will definitely be among the best quality office space," he emphasizes.