Movie Theater Chain Expands West

LOS ANGELES—Texas-based movie theater Alamo Drafthouse Cinema has signed a lease at the Ratkovich Co.‘s $180 million downtown development, the Bloc. This is the movie theater chain’s first West Coast location. The terms of the lease transaction are still being negotiated, but Wayne Ratkovich, president and CEO of the Ratkovich Co., said that the movie theater will occupy approximately 30,000 square feet at the center.

“This is a mixed-use environment with hotel, office and retail, and in particular for the retail, we want to reach a younger audience while integrating  the more traditional retail entertainment, food and social places,” Ratkovich tells GlobeSt.com. “We are trying to create a meeting place that would be a composite of those things. Alamo Drafthouse fits that aspiration of ours very nicely.”