JEFFERSONVILLE, Ind. — (LBF) The growing Xscape Theatres cinema chain will open a second Louisville-area location.
Chance Ragains, CEO of New Albany-based Patoka Capital LLC, which owns the Xscape brand, said it will build a theater in Jeffersonville as part of Louisville-based Denton Floyd Real Estate Group's Bridgepointe Commons mixed-use development.
Denton Floyd has partnered with Iron Street Partners LLC as co-developers of the 70-acre development that is planned at Interstate 265 and Ind. 62 and could cost $100 million or more. A movie theater has been part of the project since it was announced two years ago, but the operator had not been identified.
Ragains said the 50,000-square-foot theater will have 12 screens and about 1,500 seats. Two of the screens will be the company's larger Xtreme screens.
The $14 million theater also will be equipped with recliners and new laser projection technology.
“It will be a first for the market here and help make the viewing experience that much better,” Ragains said of the technology.
Ragains expects the Xscape location to employ about 50 people, and Patoka is eyeing a late 2019 opening.
