Supermarket Chain Buys Multiplex Movie Theater on Linden Blvd in East New York for $40 Million

Posted By NYC Newswire

Brooklyn-based chain Food Bazaar Supermarkets recently acquired over 8 acres of land in East New York for $40 million. The land acquisition includes four parcels along Linden Blvd, and Loring Avenue. The Linden Blvd Multiplex Cinemas is included in the purchase, which means we should expect a new Food Bazaar to replace the movie theater at some point. Details for the use of the land have not been officially announced.

As of now, the movie theater is still open and currently showing 12 movies.

This new location would be just 1 mile from the Gateway Mall, where Shop Rite Supermarket is currently located, and seems to be doing extremely well.

Food Bazaar already has a supermarket in East New York, just 2 miles away at 111-10 Flatlands Ave. There is also a Food Bazaar in Brownsville at 417 Junius St.

It looks like technology, in the form of streaming, is hitting the multiplex movie theaters. Last year the extremely popular Regal Theater in downtown Brooklyn on Court St suddenly closed, without warning. The Regal was a stadium theater with 12 theaters inside.

Streaming platforms, like Netflix, Amazon Prime Video, Hulu, and others, have become increasingly popular and offer convenient ways for people to watch movies and TV shows from the comfort of their homes. This has led to changes in consumer behavior, and some people prefer the convenience of streaming over going to a physical movie theater.

As additional updates become available, we will share them with you. SUBSCRIBE to for updates on development, housing, real estate, entertainment, events, politics and more.

Content Distributed by: NYC Newswire

Leave a Reply