The company that bought and renovated former Frank Theatres in Northfield, Ventnor and Stone Harbor will renovate and lease a theater in a Rio Grande strip mall owned by the county.
Cape May County freeholders Tuesday night approved a deal with Stone Harbor Theater LLC, awarding it a lease to create and run a nine-screen theater and entertainment complex in a closed Kmart center in the township. The former Rio Stadium 12, too, was once part of the Franks organization.
The county purchased the 180,000-square-foot, 15-acre shopping center out of bankruptcy in 2018 for $5.75 million and is in the process of rehabbing it. It will be called the County Commons and become a hub for a U.S. Department of Veterans Affairs clinic, the state and county offices in a One Stop Career Center, the county’s Human Services Department and tenants such as Tractor Supply, said County Counsel Jeff Lindsay.