Demolition of Broadmoor Theatre, neighboring building planned

To make way for additional parking at the Broadmoor Village Shopping Center—which will welcome a new Hi Nabor grocery store later this fall—the demolition of a 42,000-square-foot building neighboring the Broadmoor Theatre is expected to get underway in the next few days, says Austin Earhart of Beau Box Commercial Real Estate. The demolition of the theater is also planned, but Earhart says there’s no hard timeline for that project just yet. “What’s holding up the theater is that it’s still occupied by [Randolph] Ogden, who subleases some of the space to a number of tenants and makes pretty good money on it,” Earhart explains. “So, no one can blame him for wanting to stay in there, but the lease for the Hi Nabor store does require that the theater be demolished, and there are ongoing negotiations to work out when that will happen.” As Daily Report has previously reported, Hi Nabor is vacating its location in the Drusilla Shopping Center at the end of this week and hopes to open the Broadmoor location by September. Hi Nabor will take up 23,000 square feet of currently vacant space in the Broadmoor center and plans to add another 5,000 square feet with an expansion. That leaves two vacant parcels remaining in the center—which is located on Florida Boulevard, approximately one mile east of Airline Highway, and is also home to Planet Fitness, Family Dollar and American Cash Advance—totalling approximately 11,200 square feet. “The problem with the center is that there’s really no visibility from Florida,” Earhart says. “So when the theater and neighboring building come down, it will not only create a whole lot of extra parking space, but I think it will really open up the visibility there and help us attract some tenants to fill it out.” —Steve Sanoski