by William Needham Finley IV™

Development Beat: Mission Valley Cinema Closed…For Now

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Brought to you by York Properties


Mission Valley Cinema closed

Free Wine Tasting at Seaboard Wine on 9/7

Developer buys land near Dix

Vegan Doughnut Shop opens in Oakwood

Home of the Week from Dale Moody, Cornerstone Properties

Changes at Morgan Street Food Hall

More mixed-use on Hillsborough

Other News

To be featured in the Development Beat, contact business@itbinsider.com.




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Mission Valley Cinema Closed…For Now

The owners of the Mission Valley shopping center are negotiating with a new group to resume operations of the movie theater, including renovation to the lobby area. For now, Mission Valley Cinema is closed.

Over the last six months or so, people have asked us about the status of Mission Valley Cinema. We had come across some permits earlier this year that indicated the theater would be renovated, but nothing seemed to happen with those. Then we heard that the theater would close, renovate, and reopen.

On Tuesday night, we learned through Twitter that the Mission Valley Cinema website stated the theater had closed.

MISSION VALLEY HAS CLOSED ITS DOORS

We Have enjoyed serving the community all these years.

Thank you for all of your support, we will cherish all the memories.

We hope to see you at the Rialto and Six Forks.”

We shared the news on Twitter, which prompted many emotions from fans of the theater.

Here’s a history of Mission Valley from CinemaTreasures.org.

“The mission Valley Cinemas opened on March 2, 1973 as a twin theatre under Fairlane-Litchfield Corporation. Screen 1 which is the larger auditorium seated 500 while screen 2 (which is about half the size of screen 1) seated about 300, bringing the total to 800 seats.

On December 9, 1983, the Mission Valley Cinemas grand reopening expanded the theatre from two screens to five screens under the new title Mission Valley Cinema 5. Under Litchfield Theatres it kept its original auditorium intact while screens 3, 4, & 5 seated 288 each. United Artists took over this theatre in 1988.

The only other remodelling was done in 1994 when new management took over under United Artists Theatres. This was just a lobby renovation in which a kitchen was built and the concession stand was moved from a circular island in the middle of the lobby to a new stand to the right of the lobby. Additional changes were made to the box office and the downstairs managers office.

By the early-2000’s, United Artists had dropped ownership and Bill Peebles took over the theatre and its operations under his company Ambassador Entertainment (which also operates two other Raleigh theatres including the Rialto Theatre at Five Points and the Colony Theatres 1 & 2). The Mission Valley Cinemas remain Raleigh’s top destination for great Hollywood movies and events of special interest.”

We’re glad to hear that negotiations are ongoing to reopen this ITB landmark. We’ll keep you posted when we hear more.



Tasting at Seaboard Wine 9/7

Our friends at Seaboard Wine are hosting a free tasting Saturday (9/7) from 1:00 – 4:00 pm. Eddie Pellino, with Haw River Wine Man, will be pouring a selection of wines from Spain, France, and Italy to enjoy during your favorite football game and in the cooler fall weather ahead.

All wine sampled at the tasting bar is discounted 10% off by the bottle and 15% off by the 1/2 case (mix or match) for you to take home and enjoy. Make Seaboard a part of your Saturday routine!


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Developer Buys Land Near Dix

Raleigh real-estate firm Atlas Stark Holdings could soon be bringing a mixed-use project to the edges of Dix Park, following its recent acquisition of land along Hammell Drive. 

County records indicate that a subsidiary of Atlas Stark purchased several tracts along Hammell Drive and South Saunders, including 1008 Hammel Drive, 1036, 1040, 1044, and 1048 South Saunders. The TBJ reported the total sale package was in the neighborhood of $7.8 million. They spared no expense.

The firm told the TBJ that they’re looking to acquire additional land with plans of developing everything from office to residential and retail uses. 

As the property’s current IX-3 zoning caps development at a maximum of three stories, it is likely that Atlas Stark will have to file a rezoning case prior to moving ahead with the project, although it does not appear such a case has yet been filed.



Vegan Doughnut Shop Opens In Oakwood

Photo: @lousy_hunters_doughnuts Instagram

A vegan doughnut shop opened this weekend in Oakwood. EatRaleigh reported that at just after nine on Saturday, August 31 there was already a line for the grand opening of Lousy Hunters Vegan Doughnuts.

The shop, which specializes in “fried vegan yeast doughnuts” has been selling its wares at pop-up events and through other retailers. The location in Oakwood is meant to serve both as a storefront and a production space which will allow them to continue selling doughnuts wholesale. 

A GoFundMe for this production space was launched in July, and as of September 1 had raised $3,100 of its $3,000 goal. 


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Home of the Week from Cornerstone

This week’s Home of the Week comes from our friends at Cornerstone Properties. This quaint cottage is located in the heart of Mordecai overlooking a quiet side street. It’s ready for move in or a wonderful starting point for an addition.

Leave the car at home with the close proximity to Oakwood Pizza Box, Krispy Kreme, Seaboard or downtown Raleigh. The historic charm of Raleigh with all the happening just around the corner! More information available here.

Contact Broughton alumnus Dale Moody for more information, 919-607-4606, dalemoodync@gmail.com.



Changes At Morgan Street Food Hall

Morgan Street Food Hall is getting some new additions.

Primal Cuts – slow roasted, hand carved to order Prime Rib sandwiches. Their menu also includes various other hot sandwiches as well as house made horseradish sauce, hand cut chips, artisan Italian bread, and a wide array of cheeses and ingredients.

Pazza Pasta – Samad Hachby, founder and creative director of Raleigh-based Umbria Hospitality Group, has announced plans for an Italian street concept with fast-casual pasta and Poadina concept. In addition to made-to-order pasta dishes, Pazza will offer fresh-cut Italian meats and cheeses, cheese platters, fresh salads, and a cannoli bar.

Aunty Betty’s – Raleigh’s newest gin bar. With a program headed by Gregory Ewan of Watts & Ward, you can expect expertly crafted cocktails featuring some of the worlds finest gin. The bar is inspired by owner Niall Hanley’s Irish aunt and her favorite spirit. 

Raleigh Donut’s – A local favorite at their NC State Fair Grounds location, Raleigh Mini Donuts will be opening a second location at Morgan Street Food Hall. Diners can expect delicious mini donuts topped with a wide variety of sweet flavors.

Mixed-Use on Hillsborough

Two homes located at 6019 and 6101 Hillsborough Street could soon be rezoned to allow for a neighborhood mixed-use development up to five stories in height.

While the properties are already zoned for relatively high density residential – R-10, the change to NX-5 would allow for commercial as well as residential development on the site, which may even include a stand-alone restaurant. 

The site is located on the far west portion of Hillsborough, far from NC State and most decidedly OTB. It’s a little ways past the Sonic & the Hardees, in an area that’s certainly more in need of development than the core area surrounding NCSU. 

Other News


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