Rumor: Lincoln Road’s Regal South Beach Theater Could Be Closed, Redeveloped

Is Lincoln Road’s 18-screen Regal Cinema in danger of being shut down?

It is a possibility, according to a memo from Miami Beach commissioner Kristen Rosen Gonzalez:

Please place on the November 9, 2016 Commission Meeting agenda, a discussion item regarding the rumored sale and redevelopment of the Regal South Beach Stadium 18 & IMAX at 1120 Lincoln Rd. This potential loss, if substantiated, would be a detrimental loss to Lincoln Road.

Records show that Regal has a lease for 78,744 square feet of theater space which expires on June 30, 2019. It isn’t clear if Regal has an extension option.

At current rents, the property is almost certainly worth more as retail than as theater. Developers including Crescent Heights are proposing several new retail projects on Alton Road surrounding the center, which could further increase the pull of the area.

The theater is part if the 127,000-square-foot Lincoln Center, owned by New York-based REIT Vornado. The property also includes ground-floor retail, along with a 298-space parking garage. It last sold for $132 million in 2012.

 

 

 

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Anonymous
4 years ago

I’m hoping that this is not true. Date night would be ruined for thousands.

Marc305
4 years ago

I agree. Just glad that Cinemex and Silvespot will be opening soon.

Anonymous
4 years ago

Go to brickell, because the Lincoln one absolutely sucked

Anonymous
4 years ago

To many tourists, not enough profit. Theater is dead during the off season. Also they only recently tried to become what cinemex and cinebistro are. What did you expect? South Beach is too transient, not enough locals to support a year round theater at those rent prices. That’s difference between south beach and brickell/downtown. Theater in brickell could literally sell out 24/7 with population we have.

Anonymous
4 years ago

What off season? I go to the movies every week. VIP, IMAX, 3D and Regular and they are all fully booked by resident and tourist alike.

Anonymous
4 years ago

Then your visiting a different theater. Between May and Nov the theater is dead. Either your on denial or seeing ghosts around you.

Anonymous
4 years ago

Agreed

Anonymous
4 years ago

They have shut down all the club’s now the movies its turning into a large mall with the same stores you can get in any city . Keep building CVS and Walgreens . I will go to Brickle and Wynwood.

Anonymous
4 years ago

Prob cause most of the movies suck.

Anonymous
4 years ago

I’m not in denial I’m a Miami Beach resident and I go to the movies at least two nights each month maybe Regal should release their numbers.

Anonymous
4 years ago

The article isn’t saying that the theatre can’t pay the rent and not enough people are going to the movies. It’s saying that the Landlord wants to reposition the space with retail that will command a higher rent. I think this would be terrible for the community as MB needs the theatre, its in the perfect location, it’s very crowded and the aesthetics are beautiful.

Anonymous
4 years ago

Maybe Alamo Drafthouse will move in and it will be ten times better.

Anonymous
4 years ago

It’s a popular destination on the beach, so I hope we don’t lose it.

Anonymous
4 years ago

I have seen shops, clubs and restaurants come and go in this last decade from Score to the Van Dyke, Serendipity and others.. but the Movies have stayed no matter the cost it gives the Mall a certain cache where not everything is a Forever 21 the GAP or IceCream…

Anonymous
4 years ago

If this theater gets taken out and replaced by a bunch of overpriced empty shop space Vornado will lose a lot of respect in my book.

Anonymous
4 years ago

looks to me that Vornado is using the media and politicians to have the upper hand in lease extension negotiations or drumming up interest for a sale….

Yet Another Anonymous
4 years ago

I like this theater and have good memories of it. It’s also one of the top quality and only vertical urban theaters in the country, the best being the Empire 25 in New York. That one is better, but for Florida this one is pretty impressive.

Anonymous
4 years ago

This is so frustrating! There are 4 grocery stores within a half mile radius. More restaurants will take business from the existing ones. There are plenty and varied stores to shop at already. Office space waits to be filled in the surrounding blocks. A Marshalls is moving in- huge chain store. A NikeTown is being built on the old Pottery Barn site to attract tourists and transient populations. The movie theatre fills a need that isn’t already duplicated on Lincoln- it is an entertainment venue, it is a destination location. It serves all age group demographics and tourists as well as residents. Hopefully the issue is heavily discussed by our city leaders and they make sure a movie theatre stays on Lincoln! Residents would suffer the most if the greedy developers and city officials go forward with this idea. Locals don’t want to trek all the way to Aventura and dealing with Brickell traffic/parking is worse than Lincoln so that is not an option. What about the quality of life for the TAXPAYERS?

Anonymous
4 years ago

The greed is incredible… I guess its just business but it would grossly affect the quality of life. These developers keep shooting themselves in the foot. The only reason people come to Lincoln Rd is to go watch a movie, have a nice dinner and eat some ice cream while to go for a nice walk. People shop but its more about having a nice lunch and enjoying themselves.

If you keep pushing out the charming little restaurants and movie theater, people will not have a reason to get into their cars, drive and park to Lincoln Rd to enjoy a beautiful day or evening.

Anonymous
4 years ago

Enough of the greed. Keep these movie theaters!

Anonymous
4 years ago

NOOOOOOOOO!!!!!!!!!! Say it isn’t so!!!

Anonymous
4 years ago

it is so sad how lincoln road has morphed into an outdoor dolphin mall….it used to house so many great bars and small restaurants and such….but …stay tuned …as all things run in cycles and soon some of these retailers will no longer be willing to sport these losses just to be on lincoln road…..maybe some mystery and charm can return then

wait
4 years ago

agreed. i’ll go even further and extend this generalization to the rest of south beach north of 5th.

Marc305
4 years ago

Although I share your sentiments, it is highly unlikely that will happen. I used to know two restaurant owners who were in Lincoln Rd for years, their rents went up steadily for years, to the point that they were just working to break even. The rents are so high now that only brand name stores can afford it. It really is sad, I completely agree… the charm is gone.

Anonymous
4 years ago

Better Netflix 😀

West Ave Resident
4 years ago

I hope it doesn’t turn into another hotel, already have 5,000 of those.

If folks are not attending Regal it is due to poor service- several theaters smell like mildew and smell like urine; employees are rude and not well trained; $16 leather seats are NOT comfortable because they do not recline all the way and the position makes my neck hurt.

Michael J. Sommers
4 years ago

What if Eataly went in here? That would not be detrimental. I can stay home and watch movies on my 60 inch TV while reclining on my sofa and popping my own pop corn, be open to change, technotogy may have led this property’s highest and best use not to be a movie theater… consider it and be open to atleast consider what may come

Anonymous
4 years ago

You can stay home, but please leave the theater open for movie goers.

Anonymous
4 years ago

There are people which include myself that like to “go out” and yes to a movie theater. Whether it is with my girlfriend, a groups of friends/family, my kids or a mix of all 3 groups at times. It gets packed, you see who is there, you see familiar faces and people you know and you hang out for couple of laughs before the movie starts. You sit with hundreds of people who like me hope there are good movie preview trailers and like me again loves to see the crowds reactions to a great scene in a good movie. That’s the moving going experience among many other details I probably forgot that most people enjoy. Don’t get me wrong, I like at times watching movies at home in my big screen TV too, but I also like to have options other than staying home for a movie.

Anonymous
4 years ago

Hollywood and movie theaters, just like record stores, are a dying breed. Who wants to see lesbian Ghostbusters and cookie cutter Marvel superzero movies anymore? Hell even the theaters in NYC from the 1960s and 70s, which replaced the Golden Age movie palaces, are closing shop while the surviving latter are used for live shows. Demolish it and build a Trade Joe’s and condos.

Oscar
4 years ago

Who knew there were so many lesbian ghosts that needed to be “busted?”

West Ave Resident
4 years ago

Condos? Who wants to live next to all that noise. Grocery store on Lincoln, what an awful concept. You aint no urban planner.

Anonymous
4 years ago

The mall is flanked by a glorified parking garage on the other side, and condo towers exist in South Beach at noisier locations. You’re telling me a mixed-use development with a grocery store reputable for adapting to local urban environments and upscale condos aren’t compatible uses? I’m sure you believe Fifth and Alton is good planning. You don’t have to be an urban planner to understand common sense. If you read Jane Jacobs, you would understand.

Anonymous
4 years ago

you are an idiot

Anonymous
4 years ago

Fifth & Alton was good planning. A great success. Adds parking when there is a void and offers stores that SoBe residents would have to drive off the Beach for. Glad it was built

J thom
4 years ago

that building was poorly executed. design / logistical nightmare