Project that would have included cinemas, bowling alley will not be built

bfortune@herald-leader.comOctober 5, 2011 

A development announced for Angliana Avenue that would have included a multi-screen cinema, bowling alley, restaurants, retail stores, a grocery and 150 apartments will not be built.

George Krikorian, a California developer, who announced the ShowProp project in June 2009, said then that he had built more than 20 multi-screen theaters, most in urban settings in California, frequently combining new construction with renovated old buildings.

He estimated that the mixed-use project would cost more than $70 million.

The 15-acre site is within walking distance of the University of Kentucky, Main Street, Lexington Center and the South Hill neighborhood. It includes the former Kentucky Eagle Beer distributorship building at 475 Angliana Avenue, a tobacco warehouse and part of the adjoining railroad property.

Chris Westover, attorney for Krikorian, said "There were too many issues related to timing and property owners, including the railroad."

It goes to show, she said, why redevelopment of urban areas, often called infill, is so difficult. You have to assemble parcels, and "everything needs to happen in conjunction and culminate simultaneously," she said.

Westover said she had not spoken directly to Krikorian about ShowProp. "But it's my understanding he would very much like to do something in Lexington. It's just hard to find the right land in the right circumstances."

Reach Beverly Fortune at (859) 231-3251 or 1-800-950-6397, Ext. 3251

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