Will Goldman Sachs close the Regal Cinemas?

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July 14, 2011

BatteryPark.TV recently spoke with some officials from Goldman Sachs and the topic of the hotel/retail remodeling came up. Goldman Sachs is not pleased with the young crowds that gather outside the Regal Cinemas movie theater, which is 20 feet from their entrance and housed within Goldman-owned property. Moreover, a movie theater does not fit with their upscale plans for a Conrad hotel and high-end Danny Meyer restaurant.

Given that the entire movie theater industry is contracting as home theaters and Netflix take over, it is quite likely that the Battery Park theater will go the way of the New York Sports Club, Chevy’s, DSW shoes, Appleby, etc, and be evicted within 12 to 18 months. Stay tuned.

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