Sears Grand store in Austin to slim down, make way for AMC movie theater

AMC Entertainment Inc. announced Thursday it plans to open its third theater in the Austin area: a 10-screen location in the Tech Ridge area in Northeast Austin.
AMC (NYSE: AMC) has partnered with Seritage Growth Properties (NYSE: SRG), a New York-based real estate investment trust, for the deal. Construction is scheduled to begin later this year, and the companies said they expect to open the location in 2019.
Seritage acquired the property in 2015, when it completed a $2.7 billion deal to buy…

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