The Streets at SouthGlenn Announces Anchor Theater Tenant
Greenwood Village, Colo. – January 15, 2009 – The Streets at SouthGlenn, south Denver’s newest shopping destination, is pleased to announce the addition of Hollywood Theaters as an anchor tenant. Located in the heart of the project, the theater will serve as an anchor of the new shopping center along with Whole Foods, Barnes and Noble, Sears and Macy’s. The remaining available retail space is under active negotiation. Alberta Development Partners is presently negotiating leases and letters of intent for more than 150,000 additional square feet with the entire project being 70% leased. Leading national and local retailers and restaurants will be named in the near future.
Hollywood Theaters will feature 14 state-of-the-art auditoriums complete with 100% digital projection, 3-D technology and online reserved seating capabilities. The theater will house a full-service restaurant and bar, offering an alternative to typical concession faire. Six auditoriums will be outfitted with preferred balcony seating where moviegoers will enjoy first class “at-your-seat-service.” The cinema will seat 2,700 guests.
“Hollywood Theaters is excited to become the entertainment anchor of The Streets at SouthGlenn. Our theater will be a great compliment to this exciting and upscale retail and entertainment destination. Hollywood is building a state-of-the-art theater with premium viewing and dining experiences not before offered in the region. The theater will allow patrons to reserve a specific seat in advance, valet park their car and enjoy a glass of wine at their seat, which we believe will enhance the movie going experience,” said Scott Hall, Senior Vice President of Real Estate for Hollywood Theaters.
Based in Portland, Oregon, Hollywood Theaters is the one of the largest theater circuits in the United States. The company operates over 500 screens with theaters in 20 states including; AL, AZ, CA, CO, FL, HI, KS, LA, MO, MT, NV, OH, OK, PA, TX, and WV including theaters in Guam, Saipan and American Samoa and Grand Cayman. Hollywood Theater Holdings, Inc is a portfolio company of GTCR Golder Rauner LLC. GTCR manages more than $8 billion in equity and mezzanine capital invested in more than 100 companies in a wide variety of industries over the last 25 years.
The Streets at SouthGlenn, a redevelopment of the former Southglenn mall, will be a regional, urban lifestyle destination that will build on its neighborhood character to create a community with shopping, dining, living and working experiences as varied and vital as the city and as convenient and comfortable as the suburbs.
The Streets at SouthGlenn will also feature sidewalk cafés, gourmet bistros and unique local and national women’s and men’s apparel retailers. The new retail center will also be home to the Commons, a one-city-block-long park, which will feature a grand fountain and fireplace, mature landscaping, lush gardens and accented by a splendid outdoor café.
Alberta Development Partners continues construction at The Streets at SouthGlenn for a planned grand opening in summer 2009.
About Alberta Development Partners, LLC
Alberta Development Partners, LLC is engaged in the acquisition, development and investment of retail, mixed-use and residential real estate opportunities located throughout the western United States. In total, Alberta and its principals have completed in excess of 220 projects with a combined value of more than $1.5 billion. In combination with the projects currently underway, Alberta has developed in excess of twelve million square feet of retail, office and residential