The previous Revolutions Multi Venue Enjoyment Center at the Saucon Square shopping middle is set to before long become a new place for enjoyable.
The 38,565 sq.-foot constructing together Route 378 in Lessen Saucon Township has remained vacant due to the fact it abruptly shut its doors on March 31, 2019. It’s unclear what led to the closure with the business’ then normal supervisor not returning calls and e-mail seeking details. Quite a few indicators at the time were posted on the entrance doors, stating, “Revolutions has shut for company. Thank you for all your patronage. We will overlook you all.”
Colliers International’s Allentown business Tuesday announced the constructing has been offered 3717 FEC LLC. Scott Horner and Seth Lacey of Colliers brokered the deal. The rate of the sale was not disclosed, nonetheless, a listing on loopnet.com has the 2-acre assets at a $5 million asking price tag.
The new buyer does have programs to maintain the making a room for enjoyment, a news launch said, but specifics continue to be unclear. Additional details about the tenant will be built readily available in coming months, the release reported.
Lacey stated the amusement business struggled immensely monetarily through the pandemic but is commencing to make a solid comeback. The new entrepreneurs have a eyesight to give the web site a new status, he mentioned.
“When Revolutions went dim, its effect was felt in this community and so we are proud to have performed a element in reigniting this web page as an fascinating new place to occur collectively, and have exciting,” Lacey stated. “The new entrepreneurs … know the site has terrific bones and likely, but just needed the right operator that appreciates the market. There is a whole lot taking place driving the scenes in this component of the Lehigh Valley. It is going to be unique.”
It also stays unclear if the new owner ideas to hold any of the existing features or renovate the constructing into a new principle.
Revolutions, formerly owned by Florida-dependent Frank Leisure Group, included 20 bowling lanes an American fusion restaurant two bars and an arcade with far more than 40 game titles. Furthermore, there was a absolutely-equipped sports amphitheater seating extra than 100 men and women and more than 25 Hd flat screens for the “best sports viewing in city,” its web site had stated. Revolutions opened in January 2013, replacing a shuttered Regal Cinemas.
In December 2018, Frank Theatres submitted for Chapter 11 personal bankruptcy. The debtors in the Chapter 11 filing listed Revolutions of Saucon Valley LLC, as properly as Revolutions at Town Area LLC, in West Palm Beach front, Florida. The Rock Hill, South Carolina locale and Philadelphia Fishtown places also were being shuttered.
A report in ThePilot.com mentioned Frank Theatres dropped approximately $10 million in 2018, citing files submitted to the U.S. Bankruptcy Court docket 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 enlargement into bowling. Frank Theatres in addition lost about $21 million from 2016 to 2017, Lang described in the submitting.
Be sure to subscribe now and assistance the community journalism YOU rely on and trust.
Pamela Sroka-Holzmann might be arrived at at [email protected].
