Laemmle Theaters will begin construction on a seven-screen movie theater, NoHo 7, and plans to complete the project by the end of this year, according to the development firm, J.H. Snyder Co.
"Laemmle Theatres are a favorite among film lovers, and this community asked for the family owned business by name," Snyder Co. senior partner Michael Wise. "We're proud to be completing our redevelopment project by following through on our commitment to the public and bringing this renowned entertainment experience to the NoHo Arts District."
The Snyder Co., which contributed land and parking for the theater as well as nearly $500,000 in development funding, also provided Laemmle Theatres with a $2.6 million loan, according to the company.
The theater project is intended to be the capstone of a 10-year redevelopment project that included the addition of 700 residential units, 60,000 square feet of retail and restaurant space and a 180,000-square-foot office building.
"We are excited to begin construction on our ninth Laemmle Theater location, which will serve as a solid anchor for the NoHo Arts District," said Greg Laemmle, president of Laemmle Theatres, calling the neighborhood an under-served area for high-quality films.
The 34,000 square-foot NoHo 7 movie house will include a ground-level restaurant.
City Councilman
Tom LaBonge, who represents North Hollywood, welcomed news of the project's step forward."Movie lovers of all ages have looked forward to a high-quality movie theater in North Hollywood for years," he said. "The addition of Laemmle Theatres will solidify and enhance the creative spirit that the NoHo Arts District has come to represent in the City of Los Angeles."
Stacy Keibler Jennifer Garner Lokelani McMichael Ashley Scott Shannon Elizabeth
No comments:
Post a Comment