2014

iPic Entertainment® Announces Visionary Movie Theater 'Escape' Planned for Fort Lee, New Jersey Eight-Screen, 533-Seat iPic Theaters Scheduled to Open at Hudson Lights, Summer 2015

BOCA RATON, Fla., Oct. 17, 2013 /PRNewswire/ -- With major growth plans underway in the Northeast, iPic Entertainment continues its remarkable expansion in Fort Lee, N.J., recently signing a lease to build an eight-screen, 533-seat luxury movie theater and award-winning Tanzy dining concept in Tucker Development Corporation's upcoming retail destination, Hudson Lights.

"This area of Northern New Jersey is emerging as a rich cultural destination, and we are excited for iPic to be a major social cornerstone for this market," said President and CEO of iPic Entertainment Hamid Hashemi.

iPic Theaters will bring its revolutionary cinema escape to Hudson Lights in Fort Lee, expected to open Summer 2015. This new, affluent mixed-use project is conveniently located at the crossroads of New Jersey and New York, situated near the entrance to the heavily traveled George Washington Bridge.  Priding itself on delivering an "affordable superior experience" in the cinema marketplace, iPic will add to the offerings of the mixed-use development while serving as a destination unto itself.

"Hudson Lights is poised to become one of the region's foremost destinations for entertainment, shopping, dining and luxury residential opportunities, and we are extremely pleased to have iPic Theaters, along with the Tanzy restaurant, as the lead retail tenant for this dynamic and transformative mixed-use development," commented Richard Tucker, CEO of Tucker Development Corporation, which is developing Hudson Lights in partnership with Ares Management and Kushner Real Estate Group.

The new iPic Theaters at Hudson Lights will enable guests to enjoy their movie in ultimate comfort and style with reclining chairs, pillows and blankets. At the push of a button, guests can summon personal servers to deliver signature dishes or hand-crafted cocktails from iPic's in-theater dining concept, Tanzy Express.

Hudson Lights will also feature the award-winning Tanzy restaurant, an independent restaurant and bar destination situated adjacent to the entrance of iPic Theaters, presenting artisanal Italian cuisine in contemporary style for an unexpected dining adventure, day or night. A full-service bar will offer an exclusive menu of craft cocktails, Italian mojitos and show-stopping liquid nitrogen mixology presented by award-winning mixologist and master sommelier Adam Seger.

iPic Theaters at Hudson Lights will feature eight auditoriums with seating between 40 and 120 in an intimate setting. All auditoriums will be equipped with 4K digital cinema technology. All seats may be reserved ahead of time on iPic's proprietary reservation system by visiting iPic.com, or moviegoers can simply download the iPic app to their iPhones or Androids for a hassle-free, one-step transaction process. A free, exclusive membership program enables iPic members to cash in on discounted pricing, priority notification of tickets available for purchase to blockbuster movies, access to exclusive movie showings, free upgrades to Premium Plus seats and the ability to earn points toward iPic Member Reward programs. To become an iPic member, please visit www.ipictheaters.com/become-a-member.aspx

Ground was broken yesterday on the first phase of Hudson Lights, comprising approximately 143,000 square feet of retail space, 276 luxury apartments, and 864 parking stalls. The fully entitled second phase of Hudson Lights is approved to include an additional 201 residential units, approximately 50,000 square feet of retail space and parking, as well as a 175-room hotel. The zoning also affords the development the option for an office building of up to 430,000 square feet. Once completed, Hudson Lights will total approximately one million square feet of commercial and residential space. 

For more information on iPic Theaters, please visit www.ipic.com. Follow us on Facebook at www.facebook.com/ipictheaters and Twitter at www.twitter.com/ipictheaters.

About iPic Entertainment®
Boca Raton, FL-based iPic-Gold Class Entertainment, LLC, is regarded as an industry leader developer and operator of visionary entertainment destinations, operating exclusive venues that include premium movie theaters, restaurants and stylized bowling centers. iPic Entertainment currently operates nine theaters with 67 screens in Arizona, California, Florida, Illinois, Texas, Washington and Wisconsin. Visit iPic on the web at www.ipic.com.

SOURCE iPic Entertainment



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