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PORTLAND-The Rouse Co. says it is negotiating with at least a couple of theater chains interested in taking over the half-completed arthouse theater that occupies the top floor of the company’s Pioneer Place II retail development in Downtown Portland.

The 32,000-sf space was to be one of Robert Redford’s new-concept Sundance theaters, with seven movie screens, an organic-foods restaurant, a microbrew-and-wine bar, an art gallery, live performance programming and retail space. Sundance abandoned the facility last November after losing its money partner General Cinemas to bankruptcy.

Laurence Brocato, the Los Vegas-based commercial development manager for Maryland-based Rouse, tells GlobeSt.com that since Sundance has not found a financial partner with which to move forward, Rouse has been moving forward on its own.

“We have two prospects to do a theater along the same lines; one of them is an existing operator and the other is a new operator,” says Brocato. “People have looked at the space and liked it; we should know whether a deal can be done in the next four-to-six weeks.”

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