Thursday, November 17, 2016
Report: Pretty ugly AMC Village 7 building sells for $32 million
[Photo from last December!]
The rather cinder-blocky building that houses the recently refurbished AMC Village 7 on Third Avenue at 11th Street has been sold for $32.3 million.
The Real Deal had the details: A joint venture between ABS Partners Real Estate and Benenson Funding acquired the 7-story building at 66 Third Ave. that houses the AMC Loews theater.
Should we be worried that this will become a dorm or part of the Moxy hotel?
No! Appears just to be an asset for the ol' portfolio. Late last month, the Post reported that AMC has a ground lease through July 2037, so that's another 21 years — or roughly 12 more X-Men movies.
[If you don't like 4-floor movie posters of En Sabah Nur strangling Mystique, then move to...]
The renovated theater debuted last Dec. 25 with reclining seats ... and reserved seating. (Nice to shave off 25 minutes of commercials for Coca-Cola and the AMC Stubs Premiere Club, where members enjoy a free size upgrade — as if the Imperial Popcorn Tub isn't big enough.)
Previously on EV Grieve:
Renovations at Village 7; reclining seats coming soon