The big screen at The Lake District is getting bigger for Malco Theatres.
Today it is announced that Malco’s plans for The Lake District (TLD) have expanded and will include virtual reality, private event space and eight lanes of boutique bowling.
Yehuda Netanel, developer of The Lake District, announced last summer that Malco Theatres, the 103-year-old, state-of-the-art movie theatre chain based in Memphis, would open a 38,000 square foot theatre complex in Phase 1 of The Lake District. “Today, it has been revealed that Malco’s plans for The Lake District have expanded and now call for an additional 5,625 square feet to include a whole lot more than movies,” said Mr. Netanel.
David Tashie, president & COO of Malco Theatres said, “As we finalize plans for The Lake District project, we have decided to add additional amenities to our luxury cinema to include eight lanes of boutique bowling, space for private events and areas dedicated to emerging technologies, such as virtual reality.”
Mr. Netanel said, “Projects with the size and scope of The Lake District tend to attract businesses with visionary founders and leaders. True to their history, the team at Malco is once again redefining what it means to go to the movies.” Mr. Netanel continued, “This announcement comes on the tails of an inked deal that will provide The Lake District with the country’s most advanced technology infrastructure. We are going to deliver the highest speed internet available in the United States. The stage is set to provide everyone at The Lake District with an experience that seamlessly integrates the digital world with reality.”
Mr. Netanel praised Mr. Tashie and his team’s foresight in recognizing that the future of retail is evolving towards an environment of entertainment and shared experiences. He noted that The Lake District is designed to embrace this exciting future and is thrilled to have innovative tenants like Malco Theatres take full advantage of emerging technologies. He said more details related to the advanced technological infrastructure are coming next week.
Director of Development for The Lake District Maggie Gallagher said, “When you look at our list of tenants, you see names that represent the best of Memphis and the surrounding region. We have the tastemakers like Carmen Bond and Social, and sweet visionaries like Philip Ashley Rix of Philip Ashley Chocolates. We have smoking-hot trailblazers like Melissa Cookston of Memphis Barbecue Co., the culinary stewards of authentic Mexican cuisine at Frida’s Restaurante Mexicano, and so much more. Malco Theatres’ decision to expand their concept reinforces the fact that The Lake District is the future of retail.”
The full list of tenants includes: Carmen Bond and Social; Phillip Ashley Chocolates; Frida’s Restaurante Mexicano; Osaka Japanese Cuisine; Memphis BBQ Co.; Brickhouse Fitness; Elite Total Health; Starbucks; Malco Theatres; Gould’s Salon and Spa; Gloss Nail Ba;, The Stock Market; a 6,000 square-foot wine and liquor store by the Kardoush Brothers; and Hollywood Feed.
Additional information is available at www.thelakedistrict.us and @TheLakeDistrictTN on Facebook.
Retailers can to contact Mrs. Gallagher at 901-229-9690 or Maggie@TheLakeDistrict.us
Information about TLD, according to Mr. Netanel:
It is an upscale 160+ acre mixed-use community surrounding a 10-acre lake and waterways in Lakeland just outside of Memphis. Designed as a walkable village, The Lake District is a luxurious community with elegant water features threaded throughout its five premier districts: Inline Retail District; Main Street District (curated retail, chef-driven restaurants and cafes); Hotel District (two hotels, one with lake view); Pad sites and Office District (75,000-square feet of office space with lake views); and the Residential District (age-restricted living, Downtown-style lofts and custom single family homes). Phase 1 schedule of delivery of space for tenant build out is fall of 2020, with businesses opening for the 2020 holidays.
