iPic® Entertainment Announces First Location to Open in Nassau County
June 04 2018 - 08:00AM
In continuation with its domestic expansion plan, iPic®
Entertainment (“iPic” or the “Company”) (NASDAQ:IPIC), creators and
founders of iPic® Theaters and Tuck Hospitality Group Restaurants,
announce the signing of its first Nassau County lease within the
town of Hicksville on Long Island, New York. A 348-seat luxury
iPic® theater that includes a bar/restaurant is planned to open at
Seritage Growth Properties’ premier development property, Heritage
Village, in the coming years. The reimagined mixed-use destination
will replace the former Sears store located at 195 North Broadway.
“We are excited to bring a new experience to
Nassau County residents and become a significant part of Seritage’s
development project, which will add enduring value to the
community. As one of the top-ranked communities in the country, our
new theatrical escape will be able to provide even more
high-quality dining and entertainment options to residents and
visitors. Our cornerstone presence will provide the area with a
quality experiential destination for arts and culture under one
roof,” says Hamid Hashemi, CEO and Founder of iPic®
Entertainment.
Located just a few blocks north of the Long
Island Rail Road Hicksville Station, Heritage Village will
transform the former Sears store into a mixed-use, transit-oriented
development with modern rental apartments that will sit above a
diverse collection of growing retailers and leading dining,
entertainment and fitness concepts. iPic® will serve as the
entertainment anchor of this unique project and will deliver the
first affordable luxury, full-service theater and restaurant
experience to the community. The restaurant/bar component of
iPic®’s site at Heritage Village will be designed by iPic®
Entertainment COO Sherry Yard - an acclaimed three-time James Beard
award-winning Chef. A full-service bar will offer an exclusive menu
of handcrafted cocktails, presented by award-winning mixologist and
master sommelier Adam Seger.
“We are excited iPic Theaters has chosen to open
its first location in Nassau County, and third in the state of New
York, at our reimagined Hicksville property,” Benjamin Schall,
President and Chief Executive Officer of Seritage Growth
Properties. “The addition of iPic aligns with our plan to bring
leading, first-to-market retail, dining and entertainment concepts
to our mixed-use development. We will continue to work in close
collaboration with the Town of Oyster Bay and local stakeholders to
deliver an exceptional project to the community.”
The new iPic® at Heritage Village will bring a
luxurious theatrical escape with eight auditoriums and seating
between 32 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
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 an invitation-only level. 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®
EntertainmentEstablished 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, New Jersey, New
York, Texas, Washington and new locations planned for Florida,
Texas, Georgia, California and Connecticut. For more information,
visit www.iPic.com.
About Seritage Growth
PropertiesSeritage Growth Properties is a publicly-traded,
self-administered and self-managed REIT with 225 wholly-owned
properties and 24 joint venture properties totaling approximately
39 million square feet of space across 49 states and Puerto Rico.
The Company was formed to unlock the underlying real estate value
of a high-quality retail portfolio it acquired from Sears Holdings
in July 2015. Pursuant to a master lease, the Company has the right
to recapture certain space from Sears Holdings for retenanting or
redevelopment purposes. The Company’s mission is to create and own
revitalized shopping, dining, entertainment and mixed-use
destinations that provide enriched experiences for consumers and
local communities, and create long-term value for our
shareholders.
PRESS/MEDIA
CONTACTS:
iPic® Investor Relations
Melissa Calandruccio, CFA, ICR 646-277-1273, iPicIR@icrinc.com
iPic® Corporate Media Relations
Michelle Soudry, The Gab Group, 561.750.3500,
msoudry@thegabgroup.com
SeritageJason Chudoba, ICR,
646-277-1249, Jason.chudoba@icrinc.com
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