Regal Cinemas Signs Deal For 14-Screen Complex at Essex Crossing
In October, Buildings Deportment documents revealed that a 14-screen movie theater would be part of the big Essex Crossing project on Delancey Street. Now developers of the nearly 2-million square foot mixed use complex tell Crain’s the operator of the theater will be Regal Cinemas.
The theaters will be located in a 24-story building at the southeast corner of Delancey and Essex streets. The 65,000 square foot facility will be just above a new Essex Street Market. It’s a 15-year lease. Regal Cinemas already runs the multi-screen theaters at Union Square and at Battery Park City.
Rohan Mehra, of the Prusik Group (the firm handling retail leasing at Essex Crossing) told Crain’s the theater would be the largest in Lower Manhattan. “We feel that this is going to be a theater that draws people to this project,” he said. :You need entertainment in any kind of well-curated mixed-use development.”
Essex Crossing includes 1,000 apartments, 600,000 square feet of commercial space, an annex of the Andy Warhol Museum and a rooftop urban farm. The first phase of the project was slated to begin in the spring but is now slightly behind schedule; groundbreaking in the early summer now seems more likely. The Essex Crossing developers hoped to unveil final plans for the project this fall, including details about the large commercial tenants. That also has been delayed. They are anticipating briefing the community board in January.
UPDATE 9:34 a.m. The developers are now out with their press release. It includes a statement from Greg Dunn, president of Regal Entertainment Group:
It’s been more than a decade since a new theater has been built in Manhattan and Regal jumped at the chance to partner with the developers of the Market Line… Located in the heart of the Lower East Side, the Market Line is going to be an incredible addition to this quintessential New York City neighborhood and we are excited to be a part of it.
The theater will sit on the western end of a retail strip known as the Market Line, which will extend all the way to Clinton Street. The press release touted some of the facility’s features:
- Recliners for every guest to provide more room, comfort and true luxury.
- Each recliner has an electric control for multiple positions and features padded footrests.
- Digital projection in every auditorium to provide a crystal-clear picture.
- Real D 3D projection systems available for 3D enhanced presentations.
- Stadium seating provides each moviegoer a clear view of the screen.