A movie theater, apartment building, medical office building and a boutique hotel are expected to break ground next year at University Park, the $750 million project at the former Concordia University site and one of the few Austin-area projects forging ahead during the economic downturn.
Premiere Cinema Corp., a Big Springs-based chain with 18 cinemas in Texas, has signed a lease for a theater with six or seven screens and more than 850 seats, said Andy Sarwal, lead developer of the 23-acre University Park at Interstate 35 and East Avenue.
