News & Press Releases
IMAX® MOVIE EXPERIENCE COMING TO THE ORCHARD TOWN CENTER
Westminster, CO (December 14, 2007) – Moviegoers at The Orchard Town Center will experience amazing image and sound quality when IMAX comes to town. Thanks to a joint venture between IMAX Corporation and AMC Entertainment, IMAX technology will be installed at the AMC megaplex scheduled to open at The Orchard Town Center in 2008.
Movies shown at the 12-screen AMC megaplex will feature crystal-clear images and digital surround sound. The AMC megaplex is among the anchors planned for The Orchard Town Center, a 215-acre, open-air lifestyle shopping center located on the northwest corner of I-25 and 144th Avenue. Forest City Commercial Group is developing the project in conjunction with the City of Westminster.
“IMAX will be a great addition to The Orchard Town Center,” said Brian Jones, President and CEO, Forest City Commercial Group, West Coast Division. “We are pleased that this enhanced movie experience is coming to the area. Our goal is to bring the entertainment and retail options that reflect the interests of Westminster’s residents. The IMAX experience is compatible with this objective.”
The Orchard Town Center will be a unique, pedestrian-friendly lifestyle village offering residents and visitors exceptional options in shopping, dining and entertainment in an
IMAX Movie Experience Coming to The Orchard Town Center – add two
environment that invites lingering, relaxing and socializing. Designed in classic prairie craftsmanship, The Orchard Town Center will provide between 80-100 retail establishments that will blend with the surrounding neighborhoods, with convenient access to services for existing and future residents.
Forest City Enterprises, Inc. is a $10 billion NYSE-listed national real estate company. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.
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Safe Harbor Language
Statements made in this news release that state the Company’s or management´s intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. The Company´s actual results could differ materially from those expressed or implied in such forward-looking statements due to various risks, uncertainties and other factors. Real estate development risks and factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the inability to secure sufficient financing on favorable terms, construction risks, increases in commodity costs, the inability to obtain required governmental permits and authorizations, the inability to secure tenants or anchors for the project, the withdrawal of a prospective anchor or project partner, opposition from third parties, competition in the target market, economic conditions in the target market, the adverse impact of environmental matters, softening of the housing market, and other risk factors as disclosed from time to time in the Company’s SEC filings, including but not limited to, the Company’s annual and quarterly reports.
Contact:
Nancy McCann
Forest City
216-416-3004
nancymccann@forestcity.net
