INDIANAPOLIS, Nov. 21 /PRNewswire-FirstCall/ -- Simon Property Group
(NYSE: SPG) and Muvico Theaters, Inc. announced today that Muvico will build a
20-screen megaplex theater at Simon's new development, Coconut Point. Located
in Bonita Springs, FL., Coconut Point is a planned 500-acre mixed-use town
Muvico's 20-screen movie theater -- consisting of 93,000 square feet --
will be unique to the area, featuring exciting themed architecture and the
same innovative, signature amenities and services that have long ranked high
among its current movie-goers throughout Florida, Maryland and Tennessee. In
addition to stadium seating and wall-to-wall curved screens, Muvico
auditoriums feature 24-inch wide reclining seats that are six inches wider
than the industry standard, 46" row spacing to offer enough room to walk
between aisles and Dolby digital sound.
With a total seating capacity projected at approximately 4,250 seats, this
megaplex will also offer valet parking and the ability to buy and print
reserved seat movie tickets on-line at www.muvico.com .
"We're very excited about developing this 20-screen megaplex theater at
Coconut Point," said Hamid Hashemi, president of Muvico Theaters. "We think
the combination of a cutting-edge theater with Muvico's high level of guest
service and innovative amenities and Simon's vision for the project will make
Muvico at Coconut Point a regional entertainment attraction."
For parents, Muvico takes amenities one step further: Its exclusive
on-site children's playroom that is supervised by teachers and assistants
returns spontaneity to movie-going parents who want to relax and enjoy a film
hassle-free without a frantic -- and often unsuccessful -- "late-minute"
search for an at-home babysitter. The playroom features a fun, "kid friendly"
themed environment that includes such amenities as a computer zone, a reading
corner, an arts and crafts space, a science area, a free play spot and
assorted play activity areas.
Muvico Theaters also offers an expanded concession menu that provides not
only soda, popcorn and candy, but freshly prepared lite meals such as crispy
chicken breasts, fresh baked pizza, and popcorn shrimp plus quesadillas, curly
fries and ice cream.
Thomas J. Schneider, executive vice president of development at Simon
Property Group said, "Entertainment options are one of the most vital
components of today's shopping experience and Muvico Theaters signature
'premier moving-going experience' at Coconut Point will deliver 'bigger than
life' entertainment to our customers."
Fort Lauderdale-based Muvico Theaters operates 12 theaters with 233
screens in Florida, Maryland and Tennessee with additional screens in various
stages of development across the southeastern and mid-Atlantic United States.
Simon Property Group, Inc. (NYSE: SPG), headquartered in Indianapolis,
Indiana, is a real estate investment trust engaged in the ownership and
management of income-producing properties, primarily regional malls and
community shopping centers. Through its subsidiary partnerships, it currently
owns or has an interest in 246 properties containing an aggregate of 191
million square feet of gross leasable area in 37 states. The Company also
holds interests in nine assets in Europe and Canada and ownership interests in
other real estate assets. Additional Simon Property Group information is
available at www.simon.com .
SOURCE Simon Property Group, Inc.
CONTACT: Les Morris of Simon Property Group, Inc., 317-263-7711; or
Jim Lee of Muvico Theaters, 954-564-6550
Web site: http://www.simon.com