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| Hamid Hashemi |
BOCA RATON, FL--
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," says Hamid Hashemi, President and CEO of iPic® Entertainment.
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."
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| Chef Sherry Yard |
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.
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| Mixologist Adam Seger |
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.
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| David Weinert |
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.”
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| James Beard |
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.
For More Information, Please Contact:
Britni
Johnson • The Wilbert Group
Please note our
new address:
1718
Peachtree St., Suite 1048 • Atlanta, Ga. 30309
M: 912-580-7241
Trez Forman
provides commercial bridge loans for development and construction and senior
stretch financing starting at $5 million. It also offers private and
institutional investors equity investment opportunities in a variety of funds
and assets.
