Charter Realty & Development has leased 15,000 square feet for a five-screen Alamo Drafthouse Cinema in Manhattan. The location, the former Metro Theater at 2626 Broadway on the Upper West Side, is owned by Bialek and Associates of Manhattan.
The deal represents Alamo Drafthouse Cinema’s first entry into New York City and the company is looking for further growth opportunities in the market.
Charter has identified several other NY Metro sites and other deals are expected in the near future.
The Alamo Drafthouse Cinema has provided a unique combination of theater and restaurant since 1997, showing first-run and independent films while offering in-theatre food and beverage service that includes a menu of freshly prepared appetizers, sandwiches, pizzas and salads as well as a wide selection of hand-crafted beers and fine wines
The typical Alamo Drafthouse Cinema has four to eight screens that resemble traditional movie theatres except rows of seats alternate with bench-style tables. Individual theatre seating ranges from 75 to 320 seats. First-come, first-serve seating begins approximately 45 minutes prior to show time. Customers are encouraged to arrive early to enjoy the pre-show entertainment. Instead of a barrage of advertising, a variety of short films are shown that change on a regular basis, some with tie-ins to the feature film.
Charter Realty & Development represents Alamo Drafthouse Cinema throughout the Eastern half of the U.S. including New York, New England, Virginia, Washington D.C., Maryland, North and South Carolina, Georgia and Florida.