A huge, 34,000 square foot movie multiplex will open in the heart of a new Downtown Flushing development scheduled to be completed by the end of the year.
Regal Cinemas has signed a 20-year lease deal with real estate developers F&T Group and SCG America to operate within Tangram, a new 1.2 million-square-foot mixed-use development at 135-15 39th Ave.
Construction remains underway at the full-block site with frontage on 37th Avenue, Prince Street, 39th Avenue, and College Point Boulevard.
“Tangram will be a thriving mixed-use development and our theatre will offer a whole new experience for moviegoers in Flushing,” said Jerry Grewe, vice president of Real Estate for Regal. “Along with a state-of-the-art theatre, we are proud to bring the truly immersive experiences of 4DX to Queens.”
Tangram’s seven-screen theatre will feature the latest in groundbreaking cinema technology including 4DX, which allows the audience to connect with movies through motion vibration, and environmental effects such as wind and rain. This will be the first 4DX location in Queens.
Regal will be the first theatre to open in Downtown Flushing in 30 years. Operations were originally slated for South Korea-based CJ CGV, which signed a lease with the developers last year before both sides mutually agreed to part ways.
“Regal is a highly reputable company that understands the nuances of operating in a US real estate market, particularly one as complex as New York City,” said Richard Siu of F&T Group. “Regal came to us as a qualified operator with brand recognition. And, they completely understand the future of Flushing — its energy, draw and potential.”
F&T’s current projects in Flushing include 330,000-square foot, mixed-use development at One Fulton Square, and Flushing Commons — a formerly city-owned 5.5 acre parking structure being redeveloped into 1.8 million square feet of residences, office space, new retail opportunities, community facility space, parking and an open air plaza.
The Flushing Tangram project is inspired by the traditional Chinese dissection puzzle “Tangram,” which consists of seven flat pieces called tans.
In addition to the movie theater, Tangram will include more than 324 luxury residences, 48 office condos, a four-star branded lifestyle hotel, 275,000 square feet of retail space with a food hall, beer garden, and high fashion shopping comprising of an array of exciting international and domestic brands.