The site of a former Wilmington movie theater that closed its doors in October 2023 could soon undergo redevelopment, with plans for a residential complex proposed.
Once a destination for moviegoers, the 8.58-acre property at 111 Cinema Drive features an AMC Classic 16 theater.
If plans for the proposed residential complex move forward, the now-vacant theater would be demolished to make way for residential buildings.
Who owns the property?
The plan details list a Massachusetts-based company, Spirit Master Funding II LLC, now known as SVCN 2 LLC, as the property owner and developer.
The project applicants are Gavin Milligan and Brad Schuler of Paramounte Engineering, Inc. – a Wilmington-based civil engineering company with offices on Cinema Drive.
What development was proposed?
Seven three-story buildings and one four-story building were proposed for the site.
Across the eight buildings, the complex would include 147 multifamily residential units, including 37 two-bedroom units, 12 three-bedroom units, 97 four-bedroom units and one model unit. The total living space would be almost 200,000 heated square meters.
