Owner Krystle Rodriguez is also opening a new location of the coffeeshop in Summerhill in 2019.
Construction will begin in February and last about 12 weeks.
An affiliate of Wheelock Street Capital is the property's new owner.
The pizzeria will be closed Dec. 23, 2017, through January 8, 2018, during the overhaul.
It's unclear if plans filed for a 'remodel' of the cinema are concrete.
JLL overseeing renovations and leasing of the Downtown building.
The 'transformative projects' on the downtown park are slated to be complete in 2019.
The Colony Square Groundbreaking Tuesday marked the start of construction for the mixed-use project's redevelopment.
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