GRAND RAPIDS, Mich. (WOOD) — The plans for a proposed movie theater in downtown Grand Rapids are changing.
Developers Tuesday morning presented an updated version of their plans to Grand Rapids’ Downtown Development Authority.
The $140 million or more Studio Park project was first announced in April 2016 by 616 Development and Loeks Theaters – the parent company of Celebration Cinema.
It called for a nine-screen cinema, 40,000 square feet of retail space, a parking ramp with nearly 1,000 spaces, a piazza with an outdoor screen and 350 market-rate apartments where two parking lots and currently exist at the corner of Ionia Avenue SW and Oaks Street SW, just south of Van Andel Arena.
The new proposal would trim the number of proposed residential living spaces to 250 units, but add a 140-room hotel to the mix, along with 30,000 square feet of office space. The number of proposed parking spots is virtually unchanged.
The theater will feature recliner chairs and offer an expanded food menu and alcoholic beverages, according to a Wednesday news release from Celebration Cinema. The piazza will be designed for year-round use.
Downtown Grand Rapids Inc. estimated the first version of the proposed project would generate $369 million in its first decade. It’s unclear how the revised plan would change its economic impact forecast.
Celebration Cinema says work on Studio Park could start as soon as the fourth quarter of this year. If it does, the theater could open in 2019.