Thursday, June 21, 2018
Business

Frank Theatres close at University Mall in Tampa

TAMPA — The curtain has fallen on Frank Theatres at University Mall.

The 16-plex theater closed Jan. 7, about a year after talks emerged about upgrading the complex with digital projection equipment and stadium seating.

Officials with CBRE, which handles the mall leasing and management, said the theater declined to renew its lease. No decisions have been made about what will become of the space adjacent to the food court. Possibilities include leasing it to another movie theater and tearing it down to make way for other uses in the mall.

Frank Theatres took over operations of the theater in 2011 after Regal University 16 closed in September 2010. Frank reduced the number of theaters to 12 from 16 and planned to do renovations, which never occurred.

Based in Jupiter, Frank Theatres was founded in 1906 as the Frank Family Entertainment Group and is credited with being a pioneer in the movie business. It owns 25 theaters and about 250 screens nationwide.

One of the area's older malls, University Mall is anchored by Dillard's, Macy's, Sears and Burlington Coat Factory, but has struggled in recent years to attract new tenants amid increased competition from regional centers.

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