Cinépolis USA is opening a premium large format theatre in Kimco Realty’s Kentlands Market Square in Gaithersburg, Maryland. Cinépolis Luxury Cinemas-Gaithersburg, anticipated to open in 2019, marks Cinépolis USA’s debut into Maryland and adds to the brand’s existing list of 16 movie houses in the U.S., six of which are Luxury Cinemas. The approximately 34,000-square-foot movie theater will hold 540 seats.
“With Cinépolis USA, we’re bringing the very best in entertainment to the residents of Gaithersburg,” said Tom Simmons, president of Kimco’s Mid-Atlantic Region. “We consider this the first step in transforming Kentlands Market Square into the vibrant town center that it was always intended to be.”
Kentlands Market Square is a Whole Foods-anchored open-air center in an affluent master-planned community in a northwest suburb of Washington D.C. Kimco acquired the center in 2016 in large part because of the asset’s prime redevelopment potential. The company’s planned multi-year project will include renovated facades, improved pedestrian access and signage, as well as upgraded lighting and landscaping, in addition to increased density. The project’s focal point will be the revitalization of Market Street, the center’s main street, including the creation of a new paseo lined with cafes, boutiques and service offerings.
“Teaming with Kimco to be an entertainment anchor in Kentlands Market Square is a tremendous opportunity,” said Neil Baron, vice president of real estate, Cinépolis USA. “The breadth of this project, coupled with the company’s exceptional background, marks an exciting move for the area of which we are thrilled to be a part. The redevelopment’s emphasis on building community and offering a wide series of elevated experiences are brand pillars for Cinépolis USA. We look forward to introducing an unforgettable luxury experience to new film aficionados in the area.”
Cinépolis USA http://www.cinepolisusa.com