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Considered the largest movie theater chain in the world, AMC operates 2,200 screens in 244 theaters in Europe and over 8,200 screens in 661 theaters in the United States.
The shopping mall sits on land once occupied by U.S. Steel's Homestead Steel Works plant, which closed in 1986. It has a gross leasable area of 700,000 square feet (65,000 m 2) in "The Waterfront" and 400,000 square feet (37,000 m 2) in "The Town Center." The development officially opened in 1999.
AMC stock gained 19% to $22.18 at the close on Friday after initially falling following the announcement of the new units on Thursday. The preferred shares started trading under the "APE" ticker on the New York Stock Exchange starting Aug. 22. [83] AMC CEO Adam Aron stated "We are making great strides on our path towards pandemic recovery".
The square facade of the Empire Theatre is made of terracotta and has little ornamentation compared with other theaters built around the same time. The center of the facade contains a three-story arch, which originally illuminated the rear of the auditorium. [22] The arch was intended to resemble a Roman triumphal arch. [23]
AMC's (AMC) stock soared 45% on Monday. Shares closed at $29.33 each, above their highest closing level of the year in early January.
In February 2021, the closing of the AMC Theatres was announced. [20] Tishman Speyer acquired the property in May 2021 for $52 million with plans to redevelop it into 350 apartments and 26,000 square feet (2,400 m 2) of retail space. [21] The last retail business in the mall, TJ Maxx, and the mall itself permanently closed on December 24, 2022. [3]
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The AMC Dine-In Fashion District 8 dine-in movie theater opened on November 4, 2019. The opening of this movie theater marked the first time since 2002 that Center City Philadelphia had a multi-screen movie theater; Philadelphia had previously been the only major city in the United States without a multi-screen movie theater in the downtown area.
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