Coming in 2019 to Kentlands Market Square: Cinépolis USA
Cinépolis Luxury Cinema at Kentlands Market Square will feature fully-reclining leather seats, shown here at the brand’s Rancho Santa Margarita location.
PHOTO | Kimco Realty
Movie buffs are getting a new theatre at Kentlands Market Square in Gaithersburg.
Kimco Realty officials announced today that it has signed a lease with Cinépolis USA, a leading world-class cinema exhibitor. The 34,000 square foot movie theatre is scheduled to open in 2019, and will include 540 fully reclining leather seats, an upscale lounge-style lobby space, gourmet meals, as well as theater waiter service.
“Teaming with Kimco to be an entertainment anchor in Kentlands Market Square is a tremendous opportunity,” said Neil Baron, vice president of real estate for 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.”
According to a news release, the Cinépolis USA announcement marks the first stage of the redevelopment of the 250,000 square-foot Kentlands Market Square area.
“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 anchored by Whole Foods in the Kentlands community of Gaithersburg. Kimco acquired the property in 2016, with plans to redevelop it. According to a news release, 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, including the creation of a new plaza lined with cafes, boutiques and service offerings.
“The redevelopment of Kentlands Market Square is a prime example of how retail will evolve to meet changing consumer needs,” said David Jamieson, executive vice president and chief operating officer of Kimco Realty. “By bringing in a unique operator like Cinépolis USA, we’re elevating the experience at Kentlands and providing residents with much more than just a shopping trip. The addition of entertainment, dining and service offerings, along with top-performing retailers, is key to our redevelopment strategy and the execution of our 2020 Vision.”
.@CinepolisUSA's Luxury Cinema concept comes to Kentlands Market Square, kicking off its redevelopment https://t.co/XY3QfVYABd $KIM pic.twitter.com/vIxXElDjhP
— Kimco (@kimcorealty) July 19, 2017
This sounds great. Can hardly wait. Almost in my back yard.