Regal Entertainment Group Announces Construction of Regal Cinemas in Christiana, DE
July 11, 2013
Promenade at Christiana to include RPX: Regal Premium Experience
KNOXVILLE, Tenn.--(BUSINESS WIRE)--Jul. 11, 2013-- Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announces that it will build a state-of-the-art theatre featuring the Regal Premium Experience (RPX) in Christiana, Delaware. Construction will begin this year with completion in 2014 for the 60,000 square foot building with 14 screens and seating for more than 3,000 guests.
"Promenade at Christiana is an ideal location for a fantastic entertainment destination. Adjacent to the Delaware Turnpike, you'll almost be close enough to smell the fresh-popped popcorn when you drive by," stated Todd Boruff, senior vice president of real estate for Regal Entertainment Group. "Christiana is a successful retail corridor, and our location is highly convenient allowing patrons to avoid the congestion of mall traffic with a choice of two I-95 exits at Routes 1 and 273."
Regal will be part of a new open air community center with a large parking area located just outside the main theatre entrance. More than 300,000 people live within a seven mile radius of the construction. Promenade at Christiana is being developed by KIMCO, a publicly traded REIT and the nation's largest owner of neighborhood shopping centers with locations in 44 states.
The Regal Premium Experience at Christiana will feature crystal clear, all digital projection, an immersive 3D experience with cutting edge surround sound and a high impact giant screen. RPX presents movies the way filmmakers intended with powerful, uncompressed surround sound and bright eye-popping images in 2D and 3D.
"Our company has a very loyal and enthusiastic following in the region for our existing Regal Cinemas at Peoples Plaza and Brandywine Town Center. And we can't wait to open an all-new Regal Cinemas in Delaware," stated Ronald Kooch, Regal Entertainment Group's senior vice president of construction. "With the new Christiana theatre, we will be adding another jewel to the Regal crown for moviegoers in the diamond state."
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About Regal Entertainment Group:
Regal Entertainment Group (NYSE: RGC) operates the largest and most geographically diverse theatre circuit in the United States, consisting of 7,343 screens in 577 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia as of June 27, 2013. The Company operates theatres in 46 of the top 50 U.S. designated market areas. We believe that the size, reach and quality of the Company's theatre circuit not only provide its patrons with a convenient and enjoyable movie-going experience, but is also an exceptional platform to realize economies of scale in theatre operations.
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