iPic Entertainment® and Alberta Development Partners Announce Visionary Luxury Movie Theater Escape Planned for Dallas

Nine-Screen, 46,000-Square-Foot iPic Theaters to open in 2015 at The Commons at Las Colinas in Irving

Jan 23, 2014, 09:00 ET from iPic Entertainment

BOCA RATON, Fla. and IRVING, Texas, Jan. 23, 2014 /PRNewswire/ -- iPic Entertainment, recognized for delivering "an affordable luxury experience to the cinema marketplace," and Alberta Development Partners today announced plans to build a 46,000-square-foot luxury movie theater in Irving, Texas, named by Forbes as one of the fastest-growing cities in the country since the recession ended. Scheduled to open in 2015, iPic Theaters will serve as the anchor tenant for The Commons at Las Colinas, an upscale, mixed-use development.

Established in 2006 and headquartered in South Florida, iPic Theaters operates nine locations with 67 screens in seven states, with another six locations comprising 48 total screens opening in the next 18 months. iPic prides itself on delivering innovation to the customer's "night out" experience.

iPic's nine auditoriums will seat between 44 and 143 people and feature 4K digital cinema technology. Guests also will enjoy Tanzy Express, iPic's chef-driven, in-theater dining concept. Premium seat ticket holders will relax in plush leather seats and may purchase food and beverages to take into the theater to enjoy at their seats. Premium Plus ticket holders will enjoy full-leg reclining seats, pillows and blankets, and personal service call buttons to summon servers to deliver signature dishes and hand-crafted cocktails.

"Las Colinas is an exciting area of rapid growth, and we're thrilled to bring iPic Theaters to the community," said President and CEO of iPic Entertainment Hamid Hashemi. "iPic Theaters will serve as an entertainment destination catering to the variety of populations drawn to Irving, from residents to the business community."

All seats may be reserved on iPic's proprietary reservation system by visiting iPic.com or by downloading the iPic app for a hassle-free transaction. iPic members enjoy discounted pricing, priority notification of tickets available to blockbuster movies, 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, visit www.ipictheaters.com/become-a-member.aspx.

iPic Theaters Las Colinas also will feature Tanzy Restaurant, an independent establishment offering artisanal Italian cuisine and a full-service bar featuring hand-crafted cocktails presented by award-winning mixologist and master sommelier Adam Seger. Imaginative and whimsical interiors will create a memorable dining experience for any occasion.

Located in the heart of the Dallas-Fort Worth metroplex at George Bush Turnpike and John Carpenter Freeway, The Commons at Las Colinas presents an eclectic mix of shops and restaurants in a pedestrian environment that invites visitors to stroll, gather, linger and relax. Las Colinas was one of the earliest planned communities in the country and at one time was the largest mixed-use development in the South.

"We are excited to welcome iPic into Las Colinas," said Don Provost of Alberta Development Partners. "We know it's going to be a popular attraction that will serve as a strong anchor for this best-in-class development."

About iPic Entertainment®
Founded in 2006, Boca Raton, Fla.-based iPic-Gold Class Entertainment, LLC is 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 operates nine theaters with 67 screens in Arizona, California, Florida, Illinois, Texas, Washington and Wisconsin. Visit www.ipic.com.  Follow us on Facebook at www.facebook.com/ipictheaters and Twitter at www.twitter.com/ipictheaters.

About Alberta Development Partners:
Alberta Development Partners is engaged in the acquisition, development and investment of retail and residential real estate opportunities located throughout the western United States. Alberta focuses its efforts on regional retail shopping centers, mixed-use commercial and residential projects and select build-to-suit opportunities that include grocery-anchored shopping centers and value-added opportunities. Since its inception 21 years ago, Alberta has completed more than 10 million square feet of development and acquisitions. In the past four years, Alberta has delivered $460 million worth of completed projects, making Alberta one of the most aggressive retail and mixed-use development firms in the marketplace. More information is available at www.albdev.com.

SOURCE iPic Entertainment