iPic, a chain of luxury dine-in theaters to open in downtown Fort Lauderdale in 2020March 6, 2018
iPic Entertainment, a chain of luxury dine-in theaters, has signed an agreement to expand to downtown Fort Lauderdale.
The Boca Raton-based company (Nasdaq: IPIC) wants to open a 400-seat, eight-screen venue with a restaurant called City Perch Kitchen + Bar at 601 N. Federal Highway.
The project is expected to be completed fall 2020.
Fort Lauderdale’s iPic is part of a mixed-use project being built by Barron Real Estate that will include 150,000 square feet of retail/office space and 180 luxury apartments. Many other residential developments have been planned in the area.
“The thousands of high-quality residential units that are being added to the marketplace over the next few years will only serve to enhance the community and create a greater need for entertainment and luxury culture options in the area,” said iPic CEO Hamid Hashemi.”
Each of iPic’s theaters has 40 to 60 leather seats that fully recline and come with courtesy pillows and blankets. Movie goers can press a button to call servers who will take their order from the City Perch Kitchen menu.
The menu, by three-time James Beard award-winning Chef Sherry Yard, will feature American dishes. iPic Master Bartender and Advanced Sommelier Adam Seger designed the cocktail and wine menu. The restaurant will also feature a 4,200-square-foot rooftop bar and lounge.
“This project is the logical ‘next step’ in the redevelopment of the Downtown Fort Lauderdale Federal corridor,” said Charlie Ladd, President of President of Barron Real Estate, the developer of 601 N. Federal.
iPic has 16 locations in Boca Raton, North Miami Beach, Arizona, California, Illinois, New Jersey, New York, Texas, Washington and Wisconsin. Along with its Fort Lauderdale project, iPic has more locations planned in Delray Beach, in the $1.5 billion Metropica development in Sunrise, Texas, California and Connecticut.
Source The Real Deal South Florida