Very upsetting News. See the Citizen Times article
ASHEVILLE — A Texas-based real-estate investment company has bought East Asheville United Artists Beaucatcher Cinemas 7 at roughly half its assessed value.
UDC Global LLC paid about $2.46 million to the Las Vegas Trail Theatre Company for the property at 321 New Haw Creek Lane, according to Buncombe County Register of Deeds documents.
The land and structure have a 2015 assessed value of $4.58 million, those documents say.
Register of Deeds officials recorded the sale on April 9.
William McGuire, a UDC Global LLC executive, did not respond to a voicemail left for him Tuesday at the company.
He also did not respond to a phone message left for him Tuesday with Belinda Burke, a paralegal who prepared the deed. Burke works at Arnall Golden Gregory LLP, the Atlanta-based law firm that represented UDC Global during the purchase.
Properties owned and managed by UDC Global include a golf resort in Villa Rica, Georgia, and a residential community in Atlanta, according to its website.
A manager at the movie theater declined comment when a reporter called and asked when the cinema was scheduled to close.
He referred all questions to Ken Thewes, of the Regal Entertainment Group, the company based in Knoxville, Tennessee, which runs United Artists Theatres.
A phone message left for Thewes on Tuesday was not returned.
A sheville city officials said that as of Tuesday, UDC Global had not filed any documents that show plans to develope the property.
Nick do you know if the theater went digital? I hated this and all the drive-in that Floyd theaters owned except the 20th Century. They wanted the screens filled at all times so if a film was in scope it was off the screen into the bushes. Digital would have solved that.
The whole Granite Run mall is being demolished? It as a great mall. I went to the theater twice, once in 1991 to see The Prince Of Tides and in 2007 to see Harry Potter. It was always a great neighborhood.
Al, do you know if they undivided the 3 large auditoriums that had been divided? I suspect they are going to add more. Very strange for AMC to purchase a small theater.
It appears that demolition of this theater has started. The box office is intact, but all the outer and inner doors are gone and it looks like they are also removing the seats. Very sad this theater could have come back big time when the mall takes off if a new chain like AMC invested money in it and converted it to digital and one of their cinema and dines.
Very upsetting News. See the Citizen Times article
ASHEVILLE — A Texas-based real-estate investment company has bought East Asheville United Artists Beaucatcher Cinemas 7 at roughly half its assessed value.
UDC Global LLC paid about $2.46 million to the Las Vegas Trail Theatre Company for the property at 321 New Haw Creek Lane, according to Buncombe County Register of Deeds documents.
The land and structure have a 2015 assessed value of $4.58 million, those documents say.
Register of Deeds officials recorded the sale on April 9.
William McGuire, a UDC Global LLC executive, did not respond to a voicemail left for him Tuesday at the company.
He also did not respond to a phone message left for him Tuesday with Belinda Burke, a paralegal who prepared the deed. Burke works at Arnall Golden Gregory LLP, the Atlanta-based law firm that represented UDC Global during the purchase.
Properties owned and managed by UDC Global include a golf resort in Villa Rica, Georgia, and a residential community in Atlanta, according to its website.
A manager at the movie theater declined comment when a reporter called and asked when the cinema was scheduled to close.
He referred all questions to Ken Thewes, of the Regal Entertainment Group, the company based in Knoxville, Tennessee, which runs United Artists Theatres.
A phone message left for Thewes on Tuesday was not returned.
A sheville city officials said that as of Tuesday, UDC Global had not filed any documents that show plans to develope the property.
Beauty and The Beast was actually moved there from the Palace. It didn’t premiere there.
I loved the Sunday classics when I lived there.
Nick do you know if the theater went digital? I hated this and all the drive-in that Floyd theaters owned except the 20th Century. They wanted the screens filled at all times so if a film was in scope it was off the screen into the bushes. Digital would have solved that.
Where on Facebook Bob C?
Oh no
The whole Granite Run mall is being demolished? It as a great mall. I went to the theater twice, once in 1991 to see The Prince Of Tides and in 2007 to see Harry Potter. It was always a great neighborhood.
Big Joe I agree and wonder why The Paris can get mostly exclusive first run films but the Ziegfeld can’t
Great news Howard. The area is coming back with this opening and the old 69th Street theater now Theater 7000 and of course long live the Tower.
I lived in NYC from 75-83 and it was the marquee then Garycom.
I lived in Jersey City in 1977 for about a month and it was a quad then when I saw Pete’s Dragon there.
So it isn’t used as a regional theater anymore.
I always hated this theater. Terrible screens.
He has an excellent point. The theaters here in Asheville NC don’t have any restrictions on what theaters beer and wine are taken into.
Very nice theater and screen
Carmike is the worst theater chain around after Frank Theaters.
Al, do you know if they undivided the 3 large auditoriums that had been divided? I suspect they are going to add more. Very strange for AMC to purchase a small theater.
Did they ever fix the 3 auditoriums that had damage from Sandy?
Is Stomp not playing? Are they remodeling the theater?
Three cheers for opening The Interview tomorrow. Freedom of speech wins again
It appears that demolition of this theater has started. The box office is intact, but all the outer and inner doors are gone and it looks like they are also removing the seats. Very sad this theater could have come back big time when the mall takes off if a new chain like AMC invested money in it and converted it to digital and one of their cinema and dines.
Maybe the fight isn’t dead. This could be wonderful news.
Very glad Disney had the world premiere of Into The Woods here at the Ziegfeld and not at the El Capitan in CA. It seems to have been on Dec 8
I hate Carmike Cinemas. I knew they would ruin this theater when they took over.
:(