Sydney CBD’s iconic Event Cinemas on George Street may be seeing the wrecking ball soon, and replaced with a 270-metre skyscraper.
If approved, a boutique-sized cinema will be built in the new complex which will house 507 apartments.
First launched as a Hoyts cinema back in 1976, it was ranked the biggest cinema complex in the world, with seven screens and 4,333 seats. The opening of the cinema even saw a performing elephant!
The demolition of the theatre will mean there’ll be no major movie cinemas in Sydney’s CBD.
Jane Hastings, CEO Event Hospitality and Entertainment, has released the following statement.
“We are pleased to have obtained the Stage One DA approval for our 525 George Street development project yesterday. This is the first stage of the approval process, with the competitive design process as the next step followed by the Stage Two DA. The concept approval is for a mixed use development including a hotel, residential, retail and new cinemas.
The Event owned site forms part of the current George Street cinema complex, with the remainder of the George Street cinema complex owned by the Coombes Property Group (“CPG”). CPG also received a Stage 2 DA approval yesterday for a 270 metre residential tower on that part of the George Street cinema complex owned by them.
“There are no plans at this stage to close the George Street cinemas. To prepare for re-opening the complex, Event has invested in our big screen Vmax experience, upgrading with latest 3 seat concept including daybeds, luxury seats and full recliners, plus the introduction of contactless self-service technology and a new candy bar.
This is on top of recent introduction of the latest in premium experiences including Boutique, and the world’s most immersive cinema experience, 4DX. As soon as Government restrictions are lifted and new release film product is available, we look forward to delivering a superior customer experience at this location.”