The Reily Midtown Cinema building in Harrisburg has been sold.
The Reily Midtown Cinema building in Harrisburg has been sold. Harrisburg-based Powers & Associates bought the 10,000-square-foot building from the board of directors of the Midtown Market District, Mayor Stephen R. Reed said today in a statement.
Under the agreement, Powers will take over $395,000 in debt the district owes to the city in exchange for the building.
The cinema will continue to operate at 250 Reily St. However, Powers plans to develop a 70,000-square-foot office building at the corner of North Third and Reily streets called Campus Square. The company plans to build a new theater, which the Midtown Cinema could occupy, in the first floor of the building, according to Powers.
If preliminary lease agreements are reached, Powers hopes to break ground on Campus Square by fall.
Plans for the Reily Cinema building will relate to the construction of Campus Square, Powers President Tom Powers said in a statement.
— Eric Veronikis