SouthPark shopping center plans include office tower where movie theater now sits
SouthPark could lose its Regal movie theater, to be replaced with an office tower, but not for at least four years.
Charlotte-based real estate developer Lincoln Harris plans to submit rezoning plans to the city this week to redevelop part of Phillips Place shopping center, company spokeswoman Ryan Ramey confirmed Monday. The plan includes building a 10-story office tower and parking deck where the 10-screen Regal movie theater is located at 6911 Phillips Place Court.
“Initial plans call for a beautifully designed building that will match the elegance of the newly renovated Phillips Place,” Lincoln Harris said in a statement to the Observer on Monday. “We have been in communications with Regal Cinemas throughout this process, as they still have term left on their lease, and we will continue to communicate with them while city planners evaluate our proposed development.”
No other details were available Monday afternoon. The Charlotte Ledger first reported the proposal.
Regal reopened its Charlotte theaters this month, including at Phillips Place, after being closed because of the coronavirus pandemic.
“We currently have no plan for closing our doors as we have a lease through the end of 2025,” Regal spokesman Richard Grover told the Observer.
About Phillips Place
The 163,000-square-foot mixed-use center on Fairview Road, a quarter of a mile from SouthPark mall, has 26 retail stores and restaurants, according to the Phillips Place website.
The center, which opened in 1997, has undergone other recent changes, including the opening last spring of RH Charlotte, The Gallery at Phillips Place (formerly Restoration Hardware). The three-story, 50,000-square-foot home gallery store at 6903 Phillips Place Court opened with SouthPark’s first rooftop bar.
City Council approved Lincoln Harris’ other improvement plans for Phillips Place in 2017, the Observer previously reported.
Two years ago, Lincoln Harris said it was adding the Loop at Phillips Place. The pedestrian walkway connects with other SouthPark destinations.
Phillips Place was the city’s first mixed-use center proposed in the early 1990s.
About Regal
Regal Phillips Place reopened May 14. The theater chain has three other theaters in Charlotte theaters and several others in the region.
The Knoxville-based company last year permanently closed two theaters in the Charlotte area.
Last May, Regal said it would not reopen the 73-year-old Regal Manor Twin on Providence Road in Myers Park.
In February, Regal Ballantyne Village closed to make way turn the about 50,000-square-foot space on two floors into office space.
