GAINESVILLE, Fla., Aug. 19, 2016 /PRNewswire/ -- Celebration Pointe, a premier mixed-use development located in the heart of Gainesville, Florida, and Regal Cinemas announce the commencement of construction of a new ten screen luxury theater with recliners. This state-of-the-art luxury theater will join Bass Pro Shops, Hotel Indigo and InfoTech as several of the project's marquee anchor tenants.
"Regal Cinemas couldn't be more pleased to be a part of Celebration Pointe and its addition will truly round out a premium mix of anchor tenants," said Ken Thewes, Chief Marketing Officer at Regal Entertainment Group. "This cinema will be a great new entertainment destination offering a wide variety of specialty food and drinks, luxurious King Size recliners and cutting-edge technology to deliver comfortable surroundings and cinematic perfection."
"The continued growth and development of this unique project is a testament to the efforts and hard work from all our partners and team members as well as the support we've received from the Gainesville community. We are thrilled to bring the city an exceptional luxury movie theater," said Ralph Conti, Principal of Atlanta based Ra Co Real Estate Advisors and Celebration Pointe Partner. "We believe Regal Cinemas will enhance the entertainment experience at Celebration Pointe which will provide Gainesville and the entire north central Florida region with one of the premier live, work and play environments in the country."
"In addition to the theater, construction will begin on approximately 300 luxury apartments as well as second office building known as 4901 Celebration Pointe Avenue this fall. Also, our 137 room Hotel Indigo will break ground later this year or early 2017," said Conti. "Our residential offerings, which are comprised of Garden Style, Flats and for sale Town Homes, will be second to none. 4901 represents our second Class A office building to go along with Info Tech, currently under construction."
About Regal Cinemas
Regal Entertainment Group (NYSE: RGC) operates the largest and most geographically diverse theatre circuit in the United States, consisting of 7,307 screens in 564 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia as of June 30, 2016. The Company operates theatres in 46 of the top 50 U.S. designated market areas. We believe that the size, reach and quality of the Company's theatre circuit not only provide its patrons with a convenient and enjoyable movie-going experience, but is also an exceptional platform to realize economies of scale in theatre operations. Additional information is available on the Company's website at www.REGmovies.com.
About Celebration Pointe
Celebration Pointe is a premier mixed-use development comprised of a unique blend of entertainment and outlet retail, dining, specialty retail, Class A office, hospitality and several residential offerings. The 125-acre development is located on Interstate 75 at Archer Road in the heart of Gainesville, Fla. Is Florida's first transit oriented developments with sustainable design features. The very pedestrian friendly environment will feature pocket parks, connectivity to a premier walking and biking trail (Archer Braid Trail) and year-round events. Billed as one of Florida's most exciting new projects, Celebration Pointe's diverse mix-of-uses will provide the best attributes of an energized and engaging urban environment. For leasing opportunities or more information, please visit: www.celebrationpointe.com.
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SOURCE Celebration Pointe