A luxury dinner movie theater is coming to Tucson’s far east side.
Galaxy Theatres has leased the 50,000-square-foot space previously occupied by Bashas’ on the southwest corner of Broadway and Houghton Road, in the Montesa Plaza.
The landlord, Montesa Plaza LP, plans to invest $6 million in the project and Galaxy an additional $3 million, said broker Craig Finfrock, of Commercial Retail Advisors, who represented Montesa.
“It’s going to be a really nice project,” he said.
Construction is expected to begin by the end of the year with an opening in late 2017.
The site will feature IMAX films, Dolby Atmos sound and more than 20 VIP lounges and auditoriums.
Galaxy is one of the largest dinner movie theater companies in the country with 13 locations in California, Nevada, Texas, Washington and Arizona.
“It’s the only growth movement in the movie theater industry,” Finfrock said.
The farthest east-side movie theater for new movies now is Park Place.
“For people looking to go see a movie that live on the east side, it’s quite a hike,” Finfrock said.
“This will really help the center, the intersection and the east side.”
He said a retail study showed more than 250,000 people live within a 22-minute drive of the intersection of Broadway and Houghton Road.
Kurt Kalocin, of SRS Real Estate Partners, represented the tenant in the lease.
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