Cinemark Holdings Inc. (NYSE: CNK) of Plano, Texas, will add to its global movie-theater portfolio in Westbrook, where it is teaming up with Waterstone Properties Group of Needham, Mass., to build a state-of-the-art 12-screen facility at Rock Row, the firms announced Thursday.
The new Cinemark location is scheduled to open in spring 2021 at the 2 million-square-foot mixed-use site, located at the southeast corner of Interstate 95 and Main Street in Westbrook.
“We are excited to be a part of Rock Row, a very unique and dynamic real estate project, and to open our first Maine theatre location,” said Cinemark CEO Mark Zoradi in a news release. “Our brand new Cinemark theatre will be the entertainment anchor to this impressive mixed-use lifestyle center, providing an extraordinary entertainment experience for Westbrook and Portland as well as a regional draw for southern Maine and northern New Hampshire.”
In addition to the Cinemark complex, the 100-acre mixed-use destination will include over 1 million square feet of commercial, residential and hospitality space.
“From the beginning, a defining principle for Rock Row has been to create an entertainment-driven visitor experience,” said Josh Levy, principal at Waterstone Properties Group, developer of Rock Row. “We knew the cornerstone of that experience would be driven by a movie theater, and we’re thrilled to be partnering with Cinemark, a world-class operator that shares our commitment to that vision.”
Cinemark said its facility will feature cutting-edge technology and amenities including reserved seating with online, kiosk and app-ticketing capabilities, wall-to-wall-screens and enhanced sound systems and 4K digital projection.
Developers of Rock Row in March secured $14 million in bond financing for the development in an agreement that will pay for public infrastructure work that will includes upgrades to Maine Turnpike exits 47 and 48, local intersections and other public infrastructure.
