Like many theaters, it struggled in recent years as audiences shifted from the big screen to streaming services \u2013 a trend accelerated by the pandemic. Nationwide, theater attendance remains down around 20%<\/a> from pre-pandemic levels, according to industry data.<\/p>\n Its demise was not unexpected.<\/p>\n Two years ago, developer and former Los Angeles mayoral candidate Rick Caruso\u2019s company, which owns the Commons, announced plans<\/a> for a major redevelopment project that includes housing, new stores and restaurants \u2014 and the demolition of the theater. It was just a matter of time.<\/p>\n A rendering of the \u201creimagining\u201d of The Commons at Calabasas. (Caruso)<\/p>\n The original vision for the project has been scaled back to include more retail space and fewer residential units \u2014 down from more than 100 to 80 \u201cbeautifully designed luxury apartments,\u201d according to Caruso\u2019s website<\/a>. Groundbreaking is expected to be in February, The Acorn reported.<\/p>\n \u201cInspired by the community, for the community, the plan will\u00a0include a lush new area that creates a welcoming new space perfect for movies in the park, gathering with friends, children\u2019s events, enjoying a good book, listening to local musicians, or for community gatherings and celebrations.\u201d the site states.<\/p>\n Fans of the theater lamented its fate on social media.<\/p>\n \u201cThis is so sad,\u201d said KTLA movie critic and entertainment host Scott Mantz. \u201cAs much as I still believe that seeing movies in theaters is the way to go, you can\u2019t argue with declining attendance now that more people are choosing to watch movies at home.\u201d<\/p>\n \u201cMy all time favorite theatre. So many wonderful movies watched here. The recent remodel maintained that nostalgic old Hollywood vibe,\u201d filmgoer Maria Palacios wrote. on Facebook.<\/p>\n \u201cThis breaks my heart,\u201d wrote Christina Gaspar. \u201cYour staff has always been so welcoming, and you have kept the theater clean and inviting. I wish you could be part of the redevelopment.\u201d<\/p>\n The Regency at Calabasas Commons is the third theater to close in the area in recent years, following closures in Agoura Hills and Westlake Village.<\/p>\n Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n![\"Calabasas](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2025\/12\/08523c2ee286630e7664ea236caf47d9.jpeg\"\/)
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