Alamo Drafthouse Expanding at City Point in Downtown Brooklyn
By Chava Gourarie February 14, 2019 6:07 pmreprints
The movie theater Alamo Drafthouse is expanding at City Point in Downtown Brooklyn, Commercial Observer has learned.
The theater will add 25,000 square feet to its current space, with 400 new seats and doubling the amount of screens, according to a release from the company. Currently, Alamo occupies 38,000 square feet and has seven screens, according to Chris Conlon, the COO of landlord Acadia Realty Trust. The opening is planned for 2020, according to the release.
City Point is a 1.8-million-square-foot mixed-use development at 445 Albee Square West, developed by Acadia and Washington Square Partners. Its retail component, which opened in 2017 with three floors of retail, includes a Trader Joe’s, the Dekalb Market Hall and Target in addition to the theater.
During an earnings call for Acadia Thursday, John Gottfried, the company’s CIO mentioned the expansion and said Alamo was one of “top performing theater chains in the country.”
“From the beginning of this ambitious project, we had a vision, and it was to create a destination, which would become a nexus for Brooklyn and beyond. In less than two years, this has become a reality,” Conlon said in a prepared statement.
Conlon declined to provide further lease details, besides saying the deal was signed in the last couple of months.
Earlier this week, CO reported that McNally Jackson, the Soho-based bookstore, is opening its first Brooklyn outpost at City Point, taking 5,500 square feet across two floors. Dekalb Stage, a 7,500-square-foot event space, opened there this month, according to the release.
With additional reporting provided by Lauren Elkies Schram.