Hollywood and Grenada Theaters Under Contract

posted by geoffvaughan on September 9, 2004 at 5:36 am

PITTSBURGH, PA — Borden Vaughan Development has taken the Hollywood Theatre, located in the Dormont Shopping District of Pittsburgh, and the Grenada Theater, located in Beaver Falls, off the market and are awaiting inspections and feasibility studies prior to their purchase.

Plans are in the works to put the two theaters on the National Registry of Historic Places, and convert them to a restaurant/bar movie format. Traditional seating will be phased out and replaced with couches, tables, and home theater seating. Concessions will also be unconventional with ideas including a coffee bar, a gelato shop, and gourmet pizza.

The theaters will show an eclectic mix of first-run films, cult favorites, and classics, as well as concert films and televised sporting events.

The developers are interested in finding investors or in a joint venture with an established operator in the midwest or northeast, as well as interviewing potential restaurant owners/food venders as lessees.

For more information, contact:

Geoff Vaughan-Principle
713 532 4290

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