he 232-unit housing complex, owned and managed by the Real Estate Asset Development Co., will include studio and one-, two- and three-bedroom apartments. READCO, based in Old Lyme, has owned the plaza since 1995, and built the theater as well as a Stop & Shop supermarket, McDonald’s, Berkshire Bank and Stonington Medical Center offices there. The theater closed in September 2022 when Regal went bankrupt. READCO President Michael Lech said his firm sold its other movie theater locations but held on to the Pawcatuck location. The facilities will include private and public garages and a clubhouse, featuring a swimming pool, barbecue pit, golf simulator and dog-washing station, as well as extensive outdoor walking trails, according to READCO. The company has also acquired an adjacent property that contains a house for future expansion.
https://theday.com/news/719634/former-pawcatuck-movie-theater-being-torn-down-to-make-way-for-80m-project/#