The previous Revolutions Multi Location Enjoyment Centre at the Saucon Square searching center is established to shortly develop into a new area for enjoyment.
The 38,565 sq.-foot building together Route 378 in Reduce Saucon Township has remained vacant considering the fact that it abruptly closed its doors on March 31, 2019. It is unclear what led to the closure with the business’ then typical supervisor not returning phone calls and email messages trying to find data. Numerous signals at the time have been posted on the front doorways, stating, “Revolutions has shut for business. Thank you for all your patronage. We will skip you all.”
Colliers International’s Allentown place of work Tuesday introduced the making has been bought 3717 FEC LLC. Scott Horner and Seth Lacey of Colliers brokered the deal. The price tag of the sale was not disclosed, having said that, a listing on loopnet.com has the 2-acre home at a $5 million asking selling price.
The new buyer does have plans to continue to keep the making a room for entertainment, a information release mentioned, but particulars continue to be unclear. Far more facts about the tenant will be created offered in coming months, the release mentioned.
Lacey reported the enjoyment market struggled immensely fiscally through the pandemic but is starting up to make a powerful comeback. The new owners have a vision to give the web page a new standing, he reported.
“When Revolutions went darkish, its effect was felt in this group and so we are proud to have played a section in reigniting this website as an remarkable new area to arrive together, and have enjoyable,” Lacey explained. “The new homeowners … know the web page has great bones and possible, but just necessary the correct operator that is aware the current market. There is a whole lot going on behind the scenes in this component of the Lehigh Valley. It is going to be special.”
It also continues to be unclear if the new owner options to keep any of the existing features or renovate the creating into a new notion.
Revolutions, formerly owned by Florida-based mostly Frank Amusement Team, bundled 20 bowling lanes an American fusion restaurant two bars and an arcade with extra than 40 game titles. In addition, there was a thoroughly-geared up sporting activities amphitheater seating a lot more than 100 persons and extra than 25 Hd flat screens for the “best sports activities viewing in city,” its web-site experienced said. Revolutions opened in January 2013, replacing a shuttered Regal Cinemas.
In December 2018, Frank Theatres filed for Chapter 11 individual bankruptcy. The debtors in the Chapter 11 submitting stated Revolutions of Saucon Valley LLC, as very well as Revolutions at City Put LLC, in West Palm Seashore, Florida. The Rock Hill, South Carolina spot and Philadelphia Fishtown spots also were being shuttered.
A report in ThePilot.com said Frank Theatres shed just about $10 million in 2018, citing files submitted to the U.S. Bankruptcy Courtroom District of New Jersey on Dec. 19, 2018. Christopher Lang, main restructuring officer for Frank Theatres, in the filing blamed the chain’s losses on an unprofitable growth into bowling. Frank Theatres furthermore shed about $21 million from 2016 to 2017, Lang reported in the filing.
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Pamela Sroka-Holzmann may possibly be achieved at [email protected].