LOUISVILLE, KY (WAVE) - Village 8 Theatres will close its doors in less than a year while KentuckyOne Health plans to purchase the Village Shopping Center.
The owners of the theatre, Apex Entertainment, requested to extend their business through the holidays, their busiest season. This puts the closing date for the cinemas no later than January 2017.
Village Center, a 6.5-acre property, is partially owned and managed by Sandy Metts of Metts Company Realtors. Metts confirmed Village Center is closing Oct. 15. However, some other tenants have also made arrangements to extend their leases.
Bridge Club will be moving out by the end of this month, according to Metts.
All tenants were informed about KentuckyOne Health's contract to purchase in 2013. Since then, Metts has been working with businesses to make arrangements.
Metts couldn't confirm details about KentuckyOne Health's plans for the space.
"We are still finalizing future plans for the DuPont Mall property," KentuckyOne Health's spokesperson Barbara Mackovic said in a statement. "We are not involved in current discussions regarding lease terms with tenants. Metts Company Realtors is the contact for lease terms."
The business office of Apex Entertainment declined to comment on the closing of Village 8 Theatres, one of the oldest movie theatres in the area.
Apex Entertainment also owns Baxter Avenue Theatres.
The contract would keep the property out of the hands of Norton Healthcare and Baptist Health, both of which operate hospitals nearby.