Groundbreaking is set to happen today for the new Penn Cinema Riverfront & IMAX in Wilmington, Delaware, according to a press release issued by Riverfront Development Corporation. The 14-screen theater will include an IMAX auditorium, and it will be one of the first in the country able to play The Hobbit: An Unexpected Journey in the new 48 frames-per-second rate announced by director Peter Jackson earlier this year.

In the press release, Penn Ketchum, managing partner of Penn Cinema Management Co., said they are thrilled to bring the next level of advancements to filmgoers in the Wilmington area.

We are an independent theater with the quality and technology of the biggest and best theater chains but the customer service of a mom-and-pop theater. We started Penn Cinema in our hometown of Lititz, PA, and we have strong connections to Wilmington. It’s like going from one hometown to another. We’re very excited to bring our neighbors a top-rate entertainment option in such a beautiful part of this great city.

(Penn Cinema Management also operates the Penn Cinema in Lititz, Pennsylvania, which is about 50 miles northwest of Wilmington.)

The exact opening date was not specified, but the announcement mentions that the theater will be open in time for the November 9th release of the James Bond movie Skyfall.

Update: WITN22 Wilmington Television took video of the groundbreaking, which appears below.