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Dine-In Theater Coming to Villa Marina Marketplace

AMC Entertainment has signed a lease for a 34,318-square-foot restaurant-movie theater at the $25 million Villa Marina Marketplace redevelopment.

The film exhibitor AMC Entertainment has signed a lease for a 34,318-square-foot AMC Dine-In Theatre at the Villa Marina Marketplace, officials said Thursday, marking the second major leasing milestone for the $25 million development.

Chicago-based property manager and leasing agent Jones Lang LaSalle announced in May that the upscale Equinox Fitness Club had become the redevelopment's first new major tenant when it agreed to lease a 30,000-square-foot facility.

Jones Lang LaSalle executives said in a statement that the AMC Dine-In Theatre will combine restaurant food and cocktails with movie auditoriums that feature reserved seating and seat-side service. The dine-in theater is scheduled to open in late spring 2012.

"We are excited to bring the first AMC Dine-In Theatre to the Southern California area at Villa Marina Marketplace," Mark McDonald, an AMC executive vice president for global development, said in a statement. "Our success with this concept in other markets is indicative of our ability to take the dinner and a movie idea to the next level."

AMC is a filmhouse giant with 360 theaters and 5,128 screens across the United States and Canada. The company operates 24 of the 50 highest grossing theaters in the country, including the top three.

The redevelopment of the 419,000-square-foot Villa Marina Marketplace is scheduled to begin this fall with an expected completion in summer 2012. The remodeled center's design will combine a sense of the beach with upscale stores and restaurants, including Gelson's, Sports Chalet and Barnes & Noble.

Jones Lang LaSalle manages the largest third-party retail portfolio in the country, including more than 300 malls, strip centers and mixed-use centers. The international firm has a retail portfolio of 269 million square feet of property under management and leasing worldwide.

Virginia M. Nelson August 19, 2011 at 06:54 PM
Bye
Jody August 19, 2011 at 07:25 PM
Nice.
carole August 20, 2011 at 06:08 PM
In theory it seems like a good idea, but the impact will be disasterous due to traffic, available parking, and environmental concerns. Currently, Lincoln, Venice, and Washington Boulevards experience gridlock at almost all times of the day and evening. The overbuilding of this area is a big mistake, especially for the residents and property owners. Carole
Jody August 20, 2011 at 06:17 PM
Carole is 100% correct. Is NO ONE paying attention to these realities? How long before initial business drops off because people refuse to fight the gridlock just to go to a movie, gym, or restaurant, when there are other non-gridlocked options available?? (And how long before other MDR residents like me say "Enough is enough" and they bail, leaving only apartment dwellers who will never be able to afford Equinox or a dine-in theater...)
Leslie October 03, 2011 at 04:51 PM
When you bail, someone else will live in your SFR. There will always be someone willing to deal. And this means we can walk and bike to the movies, to the gym (though seriously, who's paying for Equinox??), and to the rest of it. I don't really see Equinox and a dinner theatre dragging in homelessness and drug addicts with them. I'd say right now Del Rey Avenue by the boat shop and Sports Harbour have a line on that already and I don't think upgrading a crappy old half - empty mall building is going to make that worse. That doesn't mean I think we need to build, build, build, and I am not a fan of the new unnecessary apartment complex going in across the street, but let's be real. Equinox and AMC do not equal drug addicts and homelessness. Gridlock, yes. Those things, no.

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