Remember the news back in early August about the changes at the Bellevue Galleria?
Well, the owner definitely wants to bring in office space and get the cinema out of there! The news was reported in the Puget Sound Business Journal. “Even I have my price,” said Ray Hallett, founder and owner of the cinema. “If they get someone to come forward who wants it for office space, there is definitely a number that will take care of it.”
The cinema is family owned and revenues took a dive when the Lincoln Square Cinemas opened up. These days, the Galleria is playing films and Hallett does claim he’s happy with how the cinema is doing. But one can only question whether they’re getting the same traffic they used to.
Hallett definitely won’t disappear. If he loses the 11-screen theater in the Galleria he will be looking to open up elsewhere on the Eastside.
As far as Downtown Bellevue goes, the Galleria Cinemas definitely seems out of place these days. With Class A office space scarce, that would be a gold mine if converted! Microsoft, care to pick some more space?
