Construction of the new 16-screen movie theater at Tikahtnu Commons continues on schedule for the opening in June 2010. CIRI Land Development Co. (CLDC) and partner Browman Development Co. signed an agreement with Regal Entertainment Group and began construction on the theater in July. Davis Constructors and Engineers Inc., the general contractor for the project, is building the 72,000-square-foot, $20 million theater on the southeast corner of Tikahtnu Commons. Site improvements continue at the northeast Anchorage retail center, especially on the east side of the property. Approximately one-half of the retail center is filled with commercial tenants, and conversations with other potential tenants are under discussion.