AMC Theatres Joins Otay Ranch Town Center

AMC Theatres, one of the world's leading theatrical exhibition companies, has signed a letter of intent to build a 12-screen state-of-the-art movie theatre at Otay Ranch Town Center in Chula Vista. The AMC project will open in fall 2006.

"A dynamic project like Otay Ranch Town Center requires the finest in entertainment, dining and retail," stated Kris Longson, vice president of development for General Growth Properties, the owner of Otay Ranch Town Center. "We firmly believe that AMC Theatres at Otay Ranch will be a great addition to the project and serve as a key driver in making Otay Ranch an entertainment destination."

The proposed project calls for a 52,000-sq.-ft.theatre with stadium seating for more than 2,200.

"We are pleased to once again have the opportunity to work with General Growth Properties and be part of this exciting project at Otay Ranch Town Center," said Phil Singleton, president and chief operating officer of AMC Theatres. "AMC Theatres is well-known in the San Diego market and is thrilled to bring a sixth AMC Theatre to the area."

Otay Ranch Town Center is an 86-acre retail, dining, entertainment and recreation development. The 860,000-sq.-ft. project includes a two-level, open-air shopping center featuring a streetscape design; six sit-down restaurants; a recreation venue and gourmet grocer.

Kansas City, Mo.-based AMC Entertainment Inc. operates 229 theatres with 3,546 screens in the United States, Canada, France, Hong Kong, Japan, Portugal, Spain and the United Kingdom.

Chicago-based General Growth currently has ownership interest and management responsibility for a portfolio of 209 regional shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The company portfolio totals approximately 200 million sq. ft. of retail space and includes about 18,000 retailers nationwide.