MUVICO ENTERTAINMENT TO OPEN THEATER IN $1 BILLION MIXED-USE DEVELOPMENT

PLANTATION, FLA. — Muvico Entertainment LLC has announced plans to construct a 14-screen theater within 321 North, US Capital Holdings’ $1 billion mixed-use development in Plantation. For an initial term of 20 years, Muvico Entertainment will lease approximately 70,000 square feet of space on a 35-acre site located off Broward Boulevard and University Drive. The facility will feature 3,300 seats, with one theater containing a stage for live events including local plays and concerts. Amenities will include theaters with 3-D capabilities, valet parking, childcare facilities, reserved seating, a bar and restaurants, and Muvico Entertainment’s new interactive gaming lounge. The theater is scheduled to open in October 2010. US Capital Holdings’ 321 North project will contain approximately 613,500 square feet of retail space; 474,000 square feet of Class A office space; and 600 residential units. Additionally, the existing development on the property includes a 650,000-square-foot enclosed retail mall, a 138,000-square-foot office pavilion, and a separately owned Sheraton Suites Hotel.