Author Topic: Sun Ray Cinema warns of impending sale of their building to Atlanta developer...  (Read 16349 times)

CG7

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I'm sure the person was speaking about their personal experience and not being delusional. I live in Avondale and only go to 5 points for the Sunray and Midnight Sun. There is now really nothing to draw us older folks and or families to the area. Not delusional just the truth.

thelakelander

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"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

realestatejax

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Some info on Sun Ray's replacement:

https://www.jacksonville.com/story/business/briefs/2024/06/17/sun-ray-cinema-could-be-replaced-by-nashville-based-entertainment-venue/74097491007/

So it won't be a parking garage, golf simulator, or taco shop?!  A music venue is a great replacement tenant and will probably activate 5 Points more than the theater.  I hope the people that expressed outrage over the news of Sun Ray closing calm down a little.

copperfiend

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Why would it activate 5 Points more than a movie theater that shows at least 2-3 movies a day? It looks like most of the venues run by that company host a handful of concerts a month. And then get rented for weddings or other events.

Jankelope

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I am staunchly pro sun-ray in this case. They were not even offered an option to match the rent/lease that the developer wanted. This is an out of town developer coming and trying to reinvent the wheel at one of our most special places in town. I will say there could have been a good way to explore this, test consumer desire for their plans, etc. Not only did they not do that, they taunted and mocked people on instagram and social media. Sunray was a local treasure that was not failing. It was special and occupied a space that was purpose built to be a movie theater nearly 100 years ago.

realestatejax

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They should have paid their rent.  Word is they had a considerable amount of past due rent payments accrued. 

I am staunchly pro sun-ray in this case. They were not even offered an option to match the rent/lease that the developer wanted. This is an out of town developer coming and trying to reinvent the wheel at one of our most special places in town. I will say there could have been a good way to explore this, test consumer desire for their plans, etc. Not only did they not do that, they taunted and mocked people on instagram and social media. Sunray was a local treasure that was not failing. It was special and occupied a space that was purpose built to be a movie theater nearly 100 years ago.

Jankelope

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Sun-ray denies this. They say that they were up to date on rent. I don't feel like they would lie about something that would be very easy for the new developer to plainly state. I could be wrong. It was my understanding based on conversations with the owners that they were not behind on rent and had not been offered a lease extension, even at a higher rate.