This week, New Albany-based Patoka Capital LLC will open its latest creation at Blankenbaker Station Business Park, catering to what CEO Chance Ragains referred to as an underserved portion of the Louisville community: the East End.
The 14-screen Xscape Theatres has made its way out of construction and will start screening movies on Friday. The complex, which cost more than $15 million to develop, was announced late last summer.
Ragains invited Louisville Business First to capture photos of the new 58,000-square-foot theater a few days before it opens, and the slideshow from that visit can be viewed above.
Throughout the design and construction process, Ragains has touted what he describes as a “premium experience,” with reclining seats and two 72-feet-wide Xtreme screens.
When I talked to Ragains about the theater last week, he said his company was completing its final tasks, including interior finishes and outfitting the theater with equipment. He also was training employees, of which there are about 50 in full-time and part-time positions.
Bosse Mattingly Constructors Inc. of Louisville was the general contractor on the project. The location can has a seating capacity of about 1,600.
It is the third location for the growing chain, which established its first location in Brandywine, Md., a suburb of Washington, D.C., in 2013 and opened its second theater in the Cincinnati area.
Ragains said Patoka Capital also is working on a location in Howell, N.J., and another in the Tampa Bay area of Florida, both of which could open next year, he said.
Those two locations will be similar in size and cost to the new theater in Louisville, which Ragains called the “prototype.”
“Maybe two screens more or less, depending on specific demographics,” he said.
Ragains said the theater’s hours will begin at about 11 a.m., with the final showings occurring between 10 p.m. and midnight, depending on whether it is a weekday or weekend.