New Southwest Austin Development an $80 Million Dine-in Theater Tie-up Project
A 42,700-square-foot theater project by the partnership of Stratus Properties Inc. and Moviehouse & Eatery will cater to the Southwest Austin community by the first quarter of 2018, Gary Dinges of Statesman reports.
A 10-screen, dine-in movie theater of Moviehouse & Eatery will be further developed by Austin-based Stratus Properties Inc. into a 325,000-square-foot project at Southwest Parkway and West William Cannon Drive, a location more commonly known as Lantana Place.
The new project of Stratus is a proposed $80 million mixed-use project with emphasis on providing entertainment to the local market, says CEO Beau Armstrong, with the new project boasting of a hotel, shopping centers, a dining strip, and office spaces. The basis of the project is another successful project by Stratus-- the Parkside Village in Southwest Austin-- that also features its own theater.
Construction is scheduled to commence in the 4th quarter of 2016 with an estimated completion date of March 2018. The establishment will open over 150 jobs to manage its entertainment complex.
Stratus' partner, Moviehouse & Eatery's principal Leslie Sloan, is very excited about the project. Citing that there are no entertainment options and restaurants in the area, she says that, “honestly, we’d love to be open next week.”
With several large-scale employers in the vicinity and the growing number of residential projects under construction, the partnership is eager to capitalize on the area's strong daytime population and attract visitors until night time, until the local population eventually grows in the area.
To learn more about this Southwest Austin development, you can read Dinges' original post here.