Austin Landing’s developer is finalizing a deal for a luxury multiplex movie theater, a project that would continue growth at the mixed-use complex that is expected to see more than $50 million in construction this year.
The multiplex would include six to eight screens, as well as a full-service restaurant and bar in an environment that is unique to the Dayton market, according to Jeff Stickel, developer for RG Properties.
“It will be a little bit more room. You purchase an individual ticket, so it’s not first-come, first-serve seating,” he said. “You actually purchase a ticket for a specific seat.
“It will have a full lunch and dinner menu, as well as a full bar. From that standpoint, it will be a much different experience than what you’re able to have at anything else in the area today,” Stickel added.
He declined to disclose the parties the company is negotiating with, but said they are not currently operating in Ohio.
The proposed site of the movie theater would be north of Field & Stream, where 3.5 acres remain undeveloped, Stickel said. It would occupy an estimated 40,000 to 45,000 square feet, he said.
Completion of the deal, estimated to cost $8 million to $9 million, would expand the options available at the 142-acre development that employs nearly 2,500 people at business, retail and entertainment establishments, Stickel said.
“It provides the last critical entertainment component,” he said. “We have a little bit of shopping, (and) clearly the restaurants and bar concepts we have out here today seem to be flourishing.
“So this adds another entertainment component, which I think will be critical for the residents that live around Austin Landing and, in the future, the residents that will live actually at Austin Landing.”
The Flats at Austin Landing is a 274-unit upscale apartment complex that is expected to break ground this summer, Miami Twp. documents show. The estimated $35 million project will be located just north of Progress Park Tower, a $15 million five-story office/retail building expected to open by fall.
Last week, RG Properties announced plans for Staybridge Suites, a second hotel at Austin Landing. The extended stay hotel will feature 108 rooms, free self-serve laundry, pet-friendly rooms, an indoor pool and an outdoor grille area, according to the company.
“I’m excited that Austin Landing is continuing to grow,” said Miami Twp. Board of Trustees Vice President Robert Matthews. “I’m excited that it’s a unique setting that’s very community-oriented.”
RG Properties also is negotiating with other restaurants which will likely lead to at least one — and possibly two — joining the more than 10 eateries either planned or operating at Austin Landing, Stickel said.