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A Cinema Revival? LA Developer Buys Santa Monica Movie Theater With Plans To Keep Showing Films.

Buyer Spends $27 Million on Third Street Promenade Property With AMC Theatres as Tenant

The movie theater at 1310 Third St. in Santa Monica was sold to a Los Angeles developer in February. (CoStar)
The movie theater at 1310 Third St. in Santa Monica was sold to a Los Angeles developer in February. (CoStar)

A Los Angeles developer vows the show will go on at a movie theater he just bought in Santa Monica, California, along an upscale retail stretch, a sign there may be a happy ending for some brick-and-mortar film properties that suffered during the pandemic.

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