The previous Revolutions Multi Location Entertainment Centre at the Saucon Sq. shopping centre is set to shortly become a new place for fun.
The 38,565 sq.-foot creating together Route 378 in Decreased Saucon Township has remained vacant because it abruptly shut its doorways on March 31, 2019. It’s unclear what led to the closure with the business’ then standard manager not returning calls and email messages looking for facts. Many signs at the time had been posted on the entrance doorways, stating, “Revolutions has shut for company. Thank you for all your patronage. We will skip you all.”
Colliers International’s Allentown business Tuesday announced the building has been sold 3717 FEC LLC. Scott Horner and Seth Lacey of Colliers brokered the offer. The value of the sale was not disclosed, on the other hand, a listing on loopnet.com has the 2-acre house at a $5 million inquiring price.
The new purchaser does have strategies to retain the constructing a room for entertainment, a news release mentioned, but details continue to be unclear. More info about the tenant will be produced accessible in coming months, the release said.
Lacey claimed the enjoyment market struggled immensely monetarily all through the pandemic but is starting to make a solid comeback. The new homeowners have a eyesight to give the web site a new reputation, he reported.
“When Revolutions went dark, its affect was felt in this group and so we are proud to have performed a part in reigniting this web page as an fascinating new place to occur alongside one another, and have entertaining,” Lacey explained. “The new house owners … know the web site has wonderful bones and opportunity, but just needed the ideal operator that is familiar with the market. There is a ton taking place driving the scenes in this section of the Lehigh Valley. It is going to be distinctive.”
It also stays unclear if the new operator designs to continue to keep any of the current amenities or renovate the creating into a new principle.
Revolutions, formerly owned by Florida-primarily based Frank Leisure Group, incorporated 20 bowling lanes an American fusion cafe two bars and an arcade with a lot more than 40 online games. Furthermore, there was a entirely-geared up sports activities amphitheater seating a lot more than 100 folks and extra than 25 Hd flat screens for the “best sports activities viewing in city,” its website had mentioned. Revolutions opened in January 2013, changing a shuttered Regal Cinemas.
In December 2018, Frank Theatres filed for Chapter 11 personal bankruptcy. The debtors in the Chapter 11 submitting listed Revolutions of Saucon Valley LLC, as well as Revolutions at Metropolis Put LLC, in West Palm Beach, Florida. The Rock Hill, South Carolina locale and Philadelphia Fishtown spots also ended up shuttered.
A report in ThePilot.com mentioned Frank Theatres shed almost $10 million in 2018, citing paperwork submitted to the U.S. Personal bankruptcy Court District of New Jersey on Dec. 19, 2018. Christopher Lang, chief restructuring officer for Frank Theatres, in the submitting blamed the chain’s losses on an unprofitable expansion into bowling. Frank Theatres moreover lost about $21 million from 2016 to 2017, Lang documented in the submitting.
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Pamela Sroka-Holzmann may possibly be reached at [email protected].
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