LAX Media MA LLC, the guardian firm of Apple Cinemas, has received the bid to transform the previous Regal Cinemas at 213 Turnpike Road.

The Select Board awarded the bid throughout its Nov. 2 assembly. The award is contingent on finishing a purchase-and-sales settlement and different circumstances.

The bid was for $2.5 million.

The award caps a course of the board undertook for a number of weeks. In early September, the board heard three proposals — a enterprise “beehive” for native entrepreneurs; revamping the cinema into an leisure heart; and a apartment undertaking.

The board then evaluated every proposal, and rated them utilizing a number of standards, together with sustainability and the way rapidly they may proceed.

Company co-founders Jegan Gomangalam and Udayana Kotta stated they wish to refurbish “about 70%” of the constructing; the proposed heart would come with 12 film screens with laser projection, reclining seats, an indoor patio and lounge space, a brand new kitchen and a full bar.

Since opening its first cinema in 2013, the corporate primarily based in East Walpole has raised the curtain on 12 extra cinemas, together with Cambridge and Warwick, R.I. They plan to open one other six cinemas within the close to future.

In addition, the corporate plans EV parking and parking for bicycles.