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The movie theater at the complex formerly known as City Place is slated for demolition.
The AMC West Palm Beach 12 is located in the exact downtown spot where the construction of two office towers is under consideration by the City Commission.
Miami Dolphins owner Stephen Ross is behind the proposal at 'The Square,' as the entertainment, retail and restaurant complex is currently named.
The theater first opened as the Muvico Parisian 20 in 2000. It was later purchased by AMC and renovated.
An AMC corporate spokesman confirms it will be closing at the end of the month.
An IMAX theater may be a part of the new project.