Local

Harvard Square Theater would be replaced with new building, cinema

Rendering of new building developer Gerald Chan would build to replace the Harvard Square theater.

The former Harvard Square Theater, a cornerstone of Cambridge’s signature neighborhood for decades before its closure in 2012, would be demolished and replaced with a five-story office and retail complex under a new plan floated Wednesday by owner Gerald Chan.

And in a significant concession to neighbors, Chan plans to include a new, two-screen cinema in the below-ground level of his 50,000-square-foot development. The theater business would likely be managed by Richard Fraiman, the owner of independent theaters in Arlington and Somerville’s Davis Square.

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