High-end movie complex coming to Playa Vista

cinemark.jpgCinemark Holdings is planning one of its NextGen cineplexes for the coastal community near Marina del Rey. There are a number of standard theaters in the area, but not premium complexes like the Landmark in West L.A. and the Arclight in Sherman Oaks and Hollywood. Construction on the nine-screen, all-digital theater is scheduled to begin in the fall and the target opening date is May 2014. From THR:

The NextGen development will be part of Dallas-based Lincoln Property Co.'s $270 million Runway project, which will include residences, retailers and restaurants on 14 acres adjacent to Jefferson Boulevard. The project, which has been designed by architecture firm Johnson Fain of Los Angeles, will include 200,000 square feet of retail space, 35,000 square feet of creative office space and 420 apartment units. Lincoln previously developed an office project at Playa Vista, which now has more than 3,200 residences and about 2 million square feet of office space. "We had a lot of interest from theaters around the country who see the opportunity to come to Playa Vista," said David Binswanger, executive vice president of Lincoln. "Cinemark, in our minds, had the best idea for the brand. They were a premium choice for us."

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
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