Real estate owner and developer Caruso has forged a deal with AMC Entertainment Holdings to backfill the movie theaters at both The Grove in Los Angeles and The Americana at Brand in Glendale. The movie theaters were occupied by Pacific Theaters, which shuttered during the pandemic.
AMC will occupy the 14-screen theater at The Grove. Before the pandemic, the theater was the second highest grossing property in the Greater Los Angeles area. AMC will also occupy the 18-screen theater at the American at Brand. The theater was the fifth highest grossing in Los Angeles prior to the pandemic. Both theaters are expected to reopen in August.
The AMC brand will bring some changes. It plans to upgrade the food and beverage offerings at both locations, and it will offer its AMC Stubs program. It also plans to renovate three theaters to bring the experience of premium large format screens.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.