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Friday, May 17, 2024

Closed Movie Theater in Chatsworth Ready for Redevelopment

A closed Pacific Theatres location in Chatsworth will be demolished for redevelopment as an industrial campus.

According to the Real Deal, Decurion Corp., parent company of movie theater chains Pacific Theatres and Arclight Cinemas, has filed a permit application with the city of Los Angeles to establish a three-building complex at 9201 N. Winnetka Ave.

The new development would be 273,500 square feet, replacing the existing 140,000-square-foot structure at the address.

Since the pandemic began, Decurion permanently closed down about 300 theater locations throughout California as theatrical movie attendance has proved volatile.

In April, the company said in a statement regarding the theater closures, “This was not the outcome anyone wanted, but despite a huge effort that exhausted all potential options, the company does not have a viable way forward.”

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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