iPic® Entertainment Announces New Restaurant-and-Theater Location in Orange County
Six-Screen, 310-Seat iPic® Theater to Open in Irvine's Park Place in the Coming Years
BOCA RATON, Fla., July 31, 2018 /PRNewswire/ -- Continuing its domestic expansion plan, iPic® Entertainment ("iPic" or the "Company") (NASDAQ:IPIC), creators and founders of iPic® Theaters and Tuck Hospitality Group Restaurants, announced the signing of a lease in Irvine, Calif., the brand's third location in Southern California. A 310-seat luxury iPic® theater including a bar/restaurant is planned to open at LBA Realty's premier mixed-use office campus, Park Place, next year. The theater will serve as an anchor tenant replacing the former Sport Chalet and adjacent restaurant space located at 2983 Michelson Dr, Irvine, CA 92612.
"Southern California is synonymous with entertainment, and iPic® will provide that high quality entertainment and dining experience that the Orange County customer desires. As one of the top ranked places to live in the country, we feel our presence in Irvine is a natural fit that will enhance the experience for residents and visitors while providing them with a nexus of entertainment, dining, arts, and culture. We are excited to join the existing tenants at Park Place as part of our growth and look forward to bringing an unparalleled lifestyle element to this community," says Hamid Hashemi, CEO and Founder of iPic® Entertainment.
Situated minutes from the coast and adjacent to the 405 Freeway at Jamboree Road, Park Place is surrounded by the area's most desirable residential communities, serving as the area's leading modern workplace, retail center and housing development. iPic® will serve as the entertainment hub of the expansive property, delivering the area's only affordable luxury, full-service theater and restaurant experience to the community. City Perch Kitchen + Bar, the bar/restaurant component of iPic®'s site at Park Place, will be designed by iPic® Entertainment COO Sherry Yard – an acclaimed three-time James Beard Award-winning Chef. A full-service bar will complement the culinary offerings with an exclusive menu of handcrafted cocktails.
"As a pioneer of the restaurant and movie theater experience, the iPic® brand aligns with our goals for Park Place, to deliver top-tier experiences for tenants, residents and guests at our Park Place mixed-use development. iPic®'s high-quality, high-caliber entertainment exemplifies the present and future growth we look to achieve at Park Place," says Eric Brown, Senior Vice President for LBA Realty.
The new iPic® at Park Place will bring a luxurious theatrical escape with six auditoriums and seating between 35 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 and comedy, along with gaming competitions and other iPic® ticketed experiential 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 servers to deliver a signature dine in the dark menu by Sherry Yard in addition to a farm to glass beverage menu. 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® Entertainment
Established in 2010 and headquartered in Boca Raton, FL, iPic® Entertainment is America's premier luxury restaurant-and-theater brand. 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 LBA Realty
LBA Realty is a full service real estate investment and management company with more than 47 million square feet of diverse office and industrial properties. LBA's core markets include the Western United States, Texas, Chicago, New Jersey and New York.
PRESS/MEDIA CONTACTS:
iPic® Investor Relations
Melissa Calandruccio, CFA, ICR 646-277-1273, [email protected]
iPic® Corporate Media Relations
Michelle Soudry, The Gab Group, 561.750.3500, [email protected]
LBA
Garrett Macklin, LBA Realty, 949-757-2332, [email protected]
OR
Eric Brown, LBA Realty, 949-955-9329, [email protected]
SOURCE iPic Entertainment
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