MUMBAI: Construction of Laemmle Theatres, situated near the Metro Red Line station is set to begin this week.
The long-expected movie theatre complex in North Hollywood will have a seven-screen cineplex that will include second-floor office space and a restaurant at ground level. The 34,000-square-foot building at 5240 Lankershim Blvd. is expected to be completed before the end of this year.
The developer of the North Hollywood Redevelopment Program, J.H. Snyder Co., contributed land and parking for the theatre as well as nearly $500,000 in development funding. He also secured city entitlements for the project and provided Laemmle Theatres with a $2.6-million construction loan.
The Los Angeles Community Redevelopment Agency gave Snyder three acres of land in 2008 that included the theatre site.
The theater is the capstone to the third and final phase of the 10-year North Hollywood project intended to improve the blocks around the northern terminus of the subway.
