Landmark Theatres to Join Lifestyle Tenancy Lineup at Scottsdale Quarter
August 23 2021 - 4:30PM
Business Wire
Washington Prime Group Inc. (NYSE: WPG) today announced that
Landmark Theatres will become the premier movie theatre operator at
Scottsdale Quarter® (“The Quarter”), an open-air lifestyle center
and mixed-use property located in Scottsdale, Arizona. The addition
of Landmark Theatres further positions The Quarter as the premier
gathering place in the Valley for the benefit of guests, tenants,
and community neighbors and partners.
Lou Conforti, CEO and Director of Washington Prime Group stated:
“I love movies and, as importantly, going to the theater. While the
quality of home entertainment has certainly increased over the
years, nothing compares to watching a movie on the big screen with
Twizzlers, popcorn (no butter) and a Diet Coke in hand. There also
exists the reality human beings relish a shared experience beyond
social media.
“I also have an affinity for independent, avant-garde and just
plain interesting films. Now don’t get me wrong, if there’s a
superhero or spy blockbuster, you can count me in. However,
notwithstanding the lack of special effects and the mandatory
saving of the universe by really good looking heroes, Jiro Dreams
of Sushi, Whiplash, Eraserhead and Capharnaüm (actually attended
the opening in Beirut) rank amongst my all-time favorites.
“So you can only imagine how excited I am to have Landmark
Theatres join us as a tenant partner at Scottsdale Quarter. As the
nation’s largest specialized theater chain focusing upon
independent films, they offer a more cerebral alternative to a
shield made of a metal I can’t pronounce or an angry green man with
the propensity to smash things.”
Landmark Theatres President and COO Paul Serwitz added: “We are
very excited to extend our brand in a beautifully designed luxury
theatre in an upscale center. This announcement is especially
joyous for us, coming out of a period of pandemic-induced
retraction of business in the world at large.”
Leading the negotiations to operate the theatre at Scottsdale
Quarter was Michael Fant, Senior Vice President of Real Estate and
Development for Landmark Theatres. “Landmark Theatres has a
presence in most of the top 25 U.S. markets, but Phoenix, ranking
at #11, has been a missing region,” says Fant. “The Landmark at
Scottsdale Quarter will be a sophisticated setting for a new
community to engage with our brand that elevates the moviegoing
experience and is known for its wide-ranging programming and
discerning audience. This theatre is a perfect fit and we look
forward to entertaining the community for years to come.”
The anticipated fall 2021 opening of the 8-screen venue will
time perfectly with the onslaught of pictures that are released
during the award season cycle and will offer the Scottsdale
community the opportunity to see these films in a luxury setting.
The theatre, designed by TK Architects, is Landmark’s first theatre
in the market.
About Landmark Theatres
Founded in 1974, Landmark Theatres, the nation's largest
specialized theater chain, is dedicated to independent cinema and
high-quality mainstream film with 220 screens in 23 markets.
Landmark has established itself at the forefront of sophisticated,
adult cinema. The company provides filmgoers with numerous
amenities, including the best in digital projection, seating,
gourmet concession items, as well as Landmark's signature brand of
customer service and on the programming side, the company has
become a recognized industry leader in the sector, anticipating
trends and opportunities and new areas for growth and
exploration.
Landmark Theatres was added to the Cohen Media Group in 2018.
Formed in 2008 by Charles S. Cohen, an executive producer of the
Academy Award-nominated Frozen River, the Cohen Media Group (CMG)
is an independent theatrical exhibition, distribution and
production company with over eight Academy Award nominations and a
Best Foreign Language film win for THE SALESMAN. CMG releases the
world's best in contemporary and classic cinema. Learn more at
www.landmarktheatres.com.
About Scottsdale Quarter
Scottsdale Quarter® is an open-air lifestyle center where the
vibe of the city meets the serenity of the desert. The hip, urban
destination features one-of-a-kind retail, restaurant and
entertainment options, as well as office space amid elegant,
diverse architecture and lush landscaping. Restaurants, specialty
and fashion retailers include Culinary Dropout, Fabletics (opening
soon), West Elm, Apple Store, Sephora, Restoration Hardware,
Intermix, lululemon athletica, Warby Parker, Vince, Bonobos, Amazon
Books, Eddie V’s Prime Seafood, and True Food Kitchen, among many
others. Scottsdale Quarter is proud to feature and support several
small businesses and local entrepreneurs. Learn more at
www.scottsdalequarter.com.
About Washington Prime Group
Washington Prime Group Inc. is a retail REIT and a recognized
leader in the ownership, management, acquisition and development of
retail properties. The Company combines a national real estate
portfolio with its expertise across the entire shopping center
sector to increase cash flow through rigorous management of assets
and provide new opportunities to retailers looking for growth
throughout the U.S. Washington Prime Group® is a registered
trademark of the Company. Learn more at
www.washingtonprime.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210823005576/en/
Landmark Theatres - Margot Gerber margotg@landmarktheatres.com
Washington Prime Group -
Media.Relations@washingtonprime.com
Washington Prime (NYSE:WPG)
Historical Stock Chart
From Jul 2024 to Aug 2024
Washington Prime (NYSE:WPG)
Historical Stock Chart
From Aug 2023 to Aug 2024