iPic® Entertainment (“iPic” or the “Company”) (NASDAQ:IPIC),
creators and founders of iPic® Theaters and Tuck Hospitality Group
Restaurants, announce the signing of their first Georgia lease in
Midtown Atlanta. A nine-screen, 426-seat luxury iPic®
theater, along with a 6,700-square-foot destination bar/restaurant
is planned for a 2020 opening in North American Properties’
reimagined mixed-use destination, Colony Square.
“We have had our eye on the Atlanta market for five years now,
and the Colony Square redevelopment project allowed us to launch
the iPic brand experience into one of the top ten DMAs in the
country. This market has consistently been heralded as one of the
most walkable in the nation, making our ground-floor presence at
Colony Square all the more impactful in delivering a quality
entertainment, dining and experiential destination for arts and
culture under one roof,” says Hamid Hashemi, President and CEO of
iPic® Entertainment.
iPic® Theaters will bring its revolutionary new theatrical
escape to Colony Square in 2020. Centrally located at the corner of
Peachtree and 14th Streets in the heart of Midtown Atlanta, Colony
Square is undergoing a major redevelopment that transforms the
mixed-use pioneer, originally built in 1968, into an icon of
another kind: A foodie haven, shopping destination and
sophisticated business, residential and cultural hotspot that, like
all great city squares, is alive with street-level energy and
vibrant, urban experiences. iPic® will be the entertainment anchor
of this unique project and deliver a superior affordable experience
to the thriving Midtown community.
Upon completion, the reimagined Colony Square will comprise
approximately 260,000 square feet of retail space, 262 luxury
residences, 940,000 square feet of office space and a 466-room
hotel. The iPic® site will also feature a destination restaurant
designed and operated by three-time James Beard Award-winning Chef
Sherry Yard to be announced at a later date. A full-service bar
will offer an exclusive menu of handcrafted cocktails, presented by
award-winning mixologist and master sommelier Adam Seger.
“After five years of searching for its first Georgia location,
we are thrilled iPic Theaters, along with its incredible restaurant
concept, has chosen to call Colony Square home,” said David
Weinert, partner and senior vice president of leasing at North
American Properties. “Known for its luxury seating, farm-to-glass
cocktails, chef-driven cuisine and ‘ninja-like’ servers, this is a
movie going experience unlike anything in Georgia. iPic perfectly
aligns with our vision of bringing best-in-class, first-to-market
concepts to the reimagined Colony Square, and we look forward to
delivering this and more ‘retailtainment’ offerings that resonate
with our community and enhance Midtown’s Living Room.”
The new iPic® at Colony Square will bring a luxurious theatrical
escape with nine auditoriums and seating between 40 and 60 in an
intimate setting. 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.
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. 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 app.
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.
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 15 locations with 115 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.
About Colony SquareAt the corner of Peachtree
and 14th Streets, Colony Square is not only the heart of
Midtown, it’s the heart of Atlanta – an original icon at the very
center of the ever-rising capital of the modern South.
Today, Colony Square is becoming an icon of another kind,
bringing the Art of Modern Life to Midtown. Featuring 940,000
square feet of office space, 260,000 square feet of
retail space, a 466-room hotel and 262 luxury residences, the
reimagined Colony Square will be known as a foodie haven;
shopping destination; sophisticated business hub; events
destination; and an amenity-rich, arts-infused place to gather with
community and soak up Midtown’s vibe. Open, walkable and
transit-friendly, the reimagined Colony Square, like all great
city squares, will be seamlessly connected to the vibrant energy of
the streets around it.
About North American PropertiesFounded in 1954,
North American Properties is a privately held, multi-regional real
estate operating and development company that has acquired,
developed and managed more than $5 billion of mixed-use, retail,
multifamily and office properties across the United States. Rooted
in its purpose-driven approach to development, North American
Properties is creating great places that connect people to each
other; cities to their souls; partners to opportunities; and
individuals to experiences that move them. Headquartered in
Cincinnati, with offices in Atlanta, Dallas and Fort Myers,
Florida, the company has developed 22 million square feet of
commercial space and 19,000 residential units in 15 states and 67
cities. In the past three years, North American Properties has
launched 36 projects totaling $2.2 billion in total capitalization.
In metro Atlanta, North American Properties led the turnaround of
Atlantic Station and the ground up development of Avalon.
Currently, the team’s $3 billion retail-driven mixed-use
development pipeline includes: Colony Square in Midtown
Atlanta, Revel in Gwinnett County, Georgia and Riverton in the New
York metro area. For more information,
visit naproperties.com.
PRESS/MEDIA CONTACT:
iPic EntertainmentMichelle Soudry, The Gab
Group, 561.750.3500, msoudry@thegabgroup.com
Colony Square/North American Properties Liana
Moran, The Wilbert Group, 404-748-1367,
lmoran@thewilbertgroup.com
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