A new Arch Hill boutique cinema with four theatres is to be built on a site where 80 apartments and new shops are also planned.
Charles Cooper, Colliers International's Auckland managing director, said a small cinema was part of The Square where registrations of interest were being sought for apartment buyers.
"An operator has been secured for a four-screen complex," he said.
The scheme is planned for a site three blocks away from the controversial new Bunnings DIY store, although the Arch Hill Residents Society is going to court next year to challenge that consent.
Colliers said the cinema site would have many other buildings.