Peabody Place Mall

Muvico to Close Peabody Place Theater

From the Memphis Daily News 7/1/2008

Memphis Daily News

After almost 10 years in operation, the Muvico theater Downtown in Peabody Place Retail & Entertainment Center reportedly will close its doors after this weekend.

Former and current employees of the cinema chain told The Daily News the theater will close Monday and that Sunday will be the theater’s last day ofbusiness. Calls to Muvico’s corporate headquarters were not returned.

The theater’s closure puts the Peabody Place mall closer toward a major repositioning that Belz Enterprises Inc. reportedly is planning, one that includes carving new hotel suites and a lobby, among other things, out of existing space at Peabody Place.