Washington, D.C. (November 7, 2013) - Efforts to further energize the NoMa sub-market of Washington, D.C., got a major boost today with the announcement that Landmark Theatres will open a 10-screen complex in Capitol Point, an emerging mixed-use development along New York Avenue.
"We are dedicated to increasing our footprint in the Washington, D.C. market. Capitol Point in NoMa is a perfect location to serve not only NoMa but the underserved Capitol Hill area," said Landmark Theatres' CEO and President, Ted Mundorff. "We look forward to elevating the cinema experience with diverse and entertaining films in our new theatre that will feature a high level of customer service."
Landmark Theatres will offer moviegoers a host of modern amenities including a full-service bar, luxury seats, reserved seat selection, 3D projection and a unique concession menu. This location will be Landmark's third in the Washington market, following its successful theatres on E Street in Penn Quarter and at Bethesda Row in Maryland.
"We are excited to add the energy of a movie theater to the neighborhood at Capitol Point," said Robin Mosle, a JBG executive vice president. "NoMa is taking shape beautifully, and if we can contribute to creating a dynamic social scene in the area, we couldn't be more pleased."
Landmark will occupy approximately 31,000 square feet and anticipates opening in fall 2016. Alan Zich of Blake Dickson Realty represented Landmark Theatres and Steve Gaudio represented The JBG Companies.
The JBG Companies is developing Capitol Point - a mixed-use development located along New York Avenue at N Street NE. The project includes a 200-room Hyatt Place hotel which is currently under construction, over 75,000 square feet of retail, 600 residential units and one million square feet of office space.
About Landmark Theatres
Landmark Theatres is a recognized leader in the industry for providing independent and select commercial films in a sophisticated adult-oriented atmosphere. They have 50 theatres in 21 markets across the country.
Landmark Theatres is part of the Wagner/Cuban Companies, a vertically integrated group of media properties co-owned by Todd Wagner and Mark Cuban that also includes Magnolia Pictures, Magnolia Home Entertainment, 2929 Productions, AXS TV and HDNet Movies.
About The JBG Companies
Headquartered in Chevy Chase, Md., The JBG Companies is a private real estate development firm that develops, owns and manages office, residential, hotel and retail properties. The company has more than $10 billion in assets under management and development in the Washington, DC area. Since 1960, JBG has been active in the communities where it invests, striving to make a positive impact. More information can be found by visiting the company's website: www.JBG.com , or by calling 240.333.3600.
About the NoMa Business Improvement District
NoMa, named for its location north of Massachusetts Avenue, is a vibrant, growing neighborhood north of Union Station and the U.S. Capitol. In the last seven years, private developers have invested more than $5 billion in the 35 blocks within NoMa, and have plans to develop more than 20 million square feet of office, residential, hotel, and retail space. NoMa is now home to 40,000 daytime workers, with 4.5 million square feet of office space leased in the last five years. More than 3,900 apartments have been recently completed or are under construction.