Tuesday, September 11, 2012

Carmike First 'El Cruzero' Tenant?

Carmike Cinemas Inc. has announced a new El Paso location that is planned for the far east area of the city in what could be the El Cruzero smart code development at the corner of Montana Avenue and Loop 375. A 13-screen multiplex will be an anchor tenant at a "230 acre multi-use planned development" at the northeast corner of the intersection in the fast growing section of the city. That's according to a September 11, 2012 press release from the company.

El Cruzero location at the northeast corner of Montana Ave. and Loop 375.
The press release never mentions the El Cruzero project by name, but the location and size indicate that the theater will be built at this development. Past El Cruzero details have included a size of 228 acres; maps showing the development's location and breadth include the area referenced by Carmike in their press release. A multiplex would complement the town center area of the smart code development, which would be located across Montana Avenue from a shopping center containing a Walmart and Lowe's Home Improvement store.

This would be the first announced tenant at the project and may have been forced due to a statement last week by the Cinemark theater chain that a new 14-screen theater would go up just one mile to the east in the Hueco Club Estates subdivision.

Dallas-based Anthony Properties is developing the site, according to the press release, and states, "New construction at Fort Bliss, proximity to the planned Army Medical Campus and the future El Paso Community College Campus make this a prime site that will attract additional top-tier retail, restaurant and commercial tenants to the area." No time frame has been given for construction of the theater.

Carmike Cinemas Press Release: http://on.mktw.net/U71L8W

El Cruzero to Transform Far East El Paso Desert
El Cruzero Reveals Progress, Gets Extension
14-Screen Multiplex Planned for Far East EP