2014

EDENS Announces The Latest Addition To Union Market District: Angelika Film Center To Open In 2015

WASHINGTON, Nov. 12, 2013 /PRNewswire/ -- EDENS, one of the nation's leading retail real estate owners and developers, announced today that they will partner with Reading International, Inc. (NASDAQ: RDI) to open an Angelika Film Center in EDENS growing Union Market district in 2015.

(Photo: http://photos.prnewswire.com/prnh/20131112/NY14901)

Today's announcement about Angelika's opening furthers EDENS' commitment of investment in this district.  The Angelika, which operates the leading dedicated arthouse in the US, opened a state-of-the-art cinema at Mosaic in Fairfax, VA in September 2012.  Exhibiting a range of film and alternative programming, the Angelika has become an important part of the cultural community in Northern Virginia and metro D.C.

Reading International and EDENS have been working to create a unique Angelika Film Center venue that will combine cutting edge presentation technology with elements of luxury and comfort in a stylish ambience capturing the rich and creative spirit already apparent in the Union Market district.  This multi-screen cinema will offer luxurious seating and pristine digital projection with immersive sound systems.  In keeping with its other cinemas, the Angelika will strive to offer Washington, D.C. the most interesting quality programming available.  And, in keeping with Union Market's progressive food offerings, the Angelika will serve a food and drink menu designed by Food Network/Cooking Channel veterans, Bruce Seidel and Chef Santos Loo.

Union Market, located a short walk from the NoMa/Gallaudet metro, is a 45-acre district that is planned for over 7 million square feet.  EDENS has a clear vision to create one of D.C.'s most vibrant, interesting, and thriving neighborhoods.  Since opening in September 2012, The Market at Union Market, with over 40 local artisan food and beverage vendors, now averages 10,000 - 15,000 visitors per weekend and has held over 100 events.  John Mooney, one of the country's leading sustainable chefs, will open a new restaurant concept at The Market before the end of the month.  Over the last several months, the Union Market district has also become a unique and alternative entertainment destination.

This past summer, EDENS sponsored a "Drive-In" movie series that delighted thousands of filmgoers by exhibiting classic movies on Union Market's 3-story wall.  Two weeks ago, teaming up with Politics & Prose, one of the nation's leading independent booksellers, EDENS sold out a book-signing event at Union Market for the book, The World Atlas of Wine.   And this Thanksgiving weekend, EDENS will be launching its retail efforts with Thread, a three day shopping experience in the Dock 5 space at Union Market featuring 30 local and national fashion brands.

For more information about Union Market, please visit www.unionmarketdc.com.  For more information about the Angelika Film Center, please visit www.angelikafilmcenter.com.

About EDENS:
EDENS develops, owns and operates community building centers in primary markets throughout the East Coast. Focusing on innovative development and redevelopment together with key acquisitions in urban areas, the Company has built an institutional-quality portfolio of 111 retail centers. EDENS has Regional Headquarters in Boston, New York, Washington D.C., Atlanta, Miami and Columbia, SC. For additional information about the Company and its retail real estate portfolio, please visit www.edens.com

SOURCE EDENS



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