This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

KENNER, LA — The City of Kenner announced the sale of the old Hollywood Cinemas 9 building that sits behind the Esplanade Mall.  The theater has been closed for nearly five years.

According to the city, the building was purchased by Clay Companies of Baton Rouge.  The company plans to demolish the structure and build an upscale apartment building in its place.  The building would have 256 units.

Kenner mayor Ben Zahn says the announcement should come as good news for any businesses that currently operate in the mall or are considering a move there.

“It’s important for future businesses that may be considering The Esplanade to see this progress,” Zahn said in a written news release announcing the sale of the building.

The theater is near the old Goodyear store which is currently being demolished.  Zahn says the city is making both of the demolitions priorities to improve the economic development surrounding the mall.