iPic Entertainment® Announces Plans to Build New Fort Lauderdale Location
March 06 2018 - 8:00AM
iPic® Entertainment (“iPic” or the “Company”)
(NASDAQ:IPIC), creators of iPic® Theaters and Tuck Hospitality
Group Restaurants, are continuing their South Florida expansion
plans. iPic® has signed an agreement to build an eight-screen,
400-seat luxury movie theater, along with a City Perch Kitchen +
Bar, and a 4,200 square foot roof-top bar and lounge in Barron Real
Estate’s upcoming mixed-use destination, 601 N Federal, with
an expected Fall 2020 opening in Downtown Fort Lauderdale.
601 N Federal is poised to become one of the region’s foremost
destinations for entertainment, shopping, dining and luxury
residential opportunities and will comprise approximately 150,000
square feet of combined retail and boutique office space and up to
180 luxury apartments.
“With the addition of thousands of units currently under
construction, Downtown Fort Lauderdale will continue to evolve into
a more vibrant and true live, work, play destination. The thousands
of high-quality residential units that are being added to the
marketplace over the next few years will only serve to enhance the
community and create a greater need for entertainment and luxury
culture options in the area. We look forward to building this new
theater and restaurant and will strive to become a key cultural
component for the city of Fort Lauderdale overall,” says iPic®
Entertainment CEO and Founder Hamid Hashemi, a Fort Lauderdale
resident himself.
The new mixed-use project will be located on Federal Highway
between Broward Boulevard and Sunrise Boulevard in downtown Fort
Lauderdale, conveniently situated with easy access for a large
portion of Broward County’s population.
“This project is the logical 'next step' in the redevelopment of
the Downtown Fort Lauderdale Federal corridor. We are extremely
pleased to have iPic Theaters, along with one of their great
restaurant concepts, as the lead retail tenant for this dynamic and
transformative mixed-use development,” says Charlie Ladd, President
of President of Barron Real Estate, developers of 601 N
Federal.
The new iPic® Theaters at 601 North Federal will bring a
luxurious theatrical escape with eight auditoriums seating between
40 and 60 in an intimate setting. Guests will enjoy their
experience in ultimate style in the comfort of iPic’s
patent-pending Premium Plus fully reclining leather seating Pods
that include courtesy personal pillows and blankets. At the touch
of a button, guests can summon ninja-like servers to deliver a
signature dine in the dark menu by acclaimed three-time James Beard
award-winning Chef Sherry Yard in addition to a farm to glass
beverage menu by iPic Master Bartender and Advanced Sommelier Adam
Seger.
In addition to viewing the latest Hollywood blockbusters,
members and guests will be able to enjoy alternative content such
as live shows including magic, comedy, along with gaming
competitions and other iPic experiential ticketed events.
iPic®’s auditoriums will be equipped with 4K digital cinema
technology and all seats may be reserved ahead of time on iPic’s
proprietary reservation system by visiting iPic.com or downloading
the iPic apps.
A City Perch Kitchen + Bar will be designed by Sherry Yard,
Chief Operating Officer for iPic® Entertainment and recent inductee
into the James Beard Foundation’s Who’s Who of Food & Beverage
in America. The social, seasonal American Dining destination will
feature locally sourced ingredients, offering unique, playful
dishes with a diverse range of flavors. Complementing the menu will
be a sophisticated beverage program designed by iPic’s nationally
lauded Adam Seger, a specialist in handcrafted farm-to-glass
cocktails and boutique wines.
Access iPic Membership Rewards®, iPic’s exclusive membership
program will further enhance the iPic® guest experience by
empowering iPic members to customize and build their brand
experience via three levels of Access: -- Silver, Gold,
Platinum—and a secret status level members can reach by invitation
only. Members will receive special members-only ticket pricing
along with enhanced perks such as the ability to earn and redeem
points on qualifying purchases, exclusive access to iPic® member
events and the ability to purchase bulk iPic ticket packages. To
become an iPic® member, please visit www.ipic.com
For more information on iPic® Theaters, please visit
www.ipic.com. Follow us on Facebook at
www.facebook.com/ipictheaters, Instagram.com/ipictheaters and
Twitter at www.twitter.com/ipictheaters.
About iPic® Entertainment Established in 2010
and headquartered in Boca Raton, FL, iPic® Entertainment is
America’s premier luxury restaurant-and-theater brand with over 1.8
million brand-loyal moviegoing members. A pioneer of the dine-in
theater concept, iPic® Entertainment’s mission is to provide
visionary entertainment escapes, presenting high-quality,
chef-driven culinary and mixology in architecturally unique
destinations that include premium movie theaters and
bar/restaurants. iPic® Theaters exclusively features Premium Plus
patented viewing Pods and Chaise lounge reclining seating options.
iPic® Theaters currently operates 16 locations with 121 screens in
Arizona, California, Florida, Illinois, New Jersey, New York,
Texas, Washington and Wisconsin and new locations planned for
Florida, Texas, California and Connecticut. For more information,
visit www.iPic.com.
PRESS/MEDIA CONTACT: Michelle Soudry, The Gab
Group, 561.750.3500, msoudry@thegabgroup.com
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