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—<br />
2<br />
New Shopping Center Theatre Construction<br />
Trends Toward Expansion on Existing Sites<br />
By<br />
ALLEN M. WIDEM<br />
Statistically, 51 per cent of the 605 centers<br />
in various stages of development by<br />
ICSC members are new projects, and 49<br />
per cent are expansion of existing centers.<br />
At the same time, those new projects differ<br />
distinctively from the neighborhood, community<br />
and regional prototypes that characterized<br />
the industry. Downtown development,<br />
mass transit usage and multi-use facilities<br />
are no longer isolated instances.<br />
Rather, they represent the bulk of in-work<br />
centers. (Multi-use alludes to offices,<br />
et al).<br />
Fewer Multiplexes?<br />
hotels,<br />
Of the new developments, over half (56<br />
per cent) contain under 100,000 square feet<br />
of floor space. Less than a third (31 per<br />
cent) contain between 100,000 and 300,000<br />
square feet, and the balance (13 per cent)<br />
will "go" for the 300,000-plus bracket. The<br />
era of the multi-multi auditorium complexes<br />
(four and more) on the part of cinema developers—both<br />
circuit and independent<br />
seems to have been winding down since the<br />
enormous surge of the mid-1960s. Isolated<br />
circumstances continue to occur, but. in the<br />
main, what theatres are being built in shopping<br />
centers, per se, are in the two- and<br />
three-unit<br />
category.<br />
Costs, of course,<br />
have proved a deterrent<br />
in massive projections in the shopping center<br />
field, but developers continue to seek<br />
There is a marked new trend in out locations where population growth is<br />
shopping center development across the anticipated, with short-term construction<br />
U.S. Nearly half of the projects to be completed<br />
loans seen to be in a more accessible position<br />
than in the past several years. This<br />
in the remainder of 1976 reflect ex-<br />
pansion, according to a survey of International<br />
Council Shopping Centers (ICSC)<br />
situation, according to an ICSC money market<br />
survey, is expected to continue through<br />
of<br />
members. A decade ago and even more recently,<br />
was new<br />
summer, the financial costs indicated to be<br />
in line with the prevailing commercial bank<br />
the pattern for entirely<br />
developments.<br />
prime rate.<br />
Expansion-minded shopping center developers/owners<br />
nowadays are extending<br />
floor space for existing components, among<br />
them cinemas. Increasingly, both circuit and<br />
independent theatre circuits are finding that<br />
the addition of an auditorium to an existing<br />
single unit, and for that matter expanding<br />
a twin to a triple, make for a better "mix"<br />
of audience appeal.<br />
Richard J. Wilson, vice-president of SBC<br />
Management Corp.. which has some 50<br />
screens in the New England states and adjacent<br />
New York, notes that "as the given<br />
geographical location grows in terms of<br />
population and resultant economy, it is fitting<br />
and proper to add an auditorium to an<br />
existing complex. This is based not only on<br />
the actual hard-cash, boxoffice performance<br />
to date, but. equally important, on<br />
growth factors, determined by in-depth<br />
analysis."<br />
Prime ingredients for audience appeal, as<br />
far as cinemas are concerned, are accessibility<br />
to major thoroughfares and interstate<br />
highways: ample, adjacent parking; proximity<br />
to the so-called anchor-store; and,<br />
most emphatically, nearness to main entrance<br />
and exit roads.<br />
Inevitably, in the rush to get going to be<br />
Continued on paee 12<br />
CHRISTIE<br />
THE NAME BEHIND<br />
THE SYSTEM<br />
There's a very important difference in<br />
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The name Christie has been synonymous<br />
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Christie has the edge.<br />
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one reason why Christie Autowinds are<br />
currently being used around the world by<br />
such leaders as United Artists Theatre<br />
Circuit, American tVlulti-Cinema, Pacific<br />
Theatres, Loew's, Cinema National, Gulf<br />
State Theatres, plus Rank in England,<br />
Filmways in Australia, A.C.F. Kinekor in<br />
South Africa and many others.<br />
When the Christie name is on the system,<br />
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Injection molded rollers with Teflon<br />
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lOXOFFICE :: August 2. 1976