The largest theater chain in the world is taking over the shuttered ShowPlace Icon in the South Loop. Why it matters: When the theater, which had been operated by Chicago-based Kerasotes Theaters, closed this summer,

AMC Theatres will open its latest Chicago movie theater in the South Loop, replacing the former ShowPlace Icon Theatre that closed this summer.

AMC is opening up a theater early next year in the same spot where ShowPlace ICON abruptly closed this summer. It will be known as Roosevelt Collection 16, located in the stretch of outdoor business space near Roosevelt Road.

Chicagoans are still mourning the closure of ShowPlace ICON Theatre in the South Loop, which shut down this past summer after 15 years of delivering locals a luxury-like movie-going experience.