1 person favorited this theater Overview Photos Comments Uploaded By dallasmovietheaters. The Boca Raton-based company operates 16 dine-in theaters in nine states with plans to open locations in four more states, including a new theater within Colony Square in Midtown Atlanta. 1197 Peachtree Street, Atlanta, GA 30361. Projected to open in 2020, luxe theater with chef-driven menu will anchor redevelopment of iconic. “Importantly, delays related to the Delray Beach location, resulted in unforeseen costs and a significant slowdown in circuit-wide development and new grand openings.” Midtown’s Colony Square redo has landed Georgia’s first iPic Theater. “Delays in development cycle combined with the high cost of capital depleted IPIC’s available resources before the company was able to reach critical mass and become self-funded,” says Hashemi. Hashemi notes that issues stemming from IPIC’s expansion plans for building 25 locations in four to five years are the principal culprit behind their missed payment to RSA.
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Hamid Hashemi, founder and CEO of IPIC, says that the company’s movie theaters will remain open and its employees and vendors are being paid. IPIC borrowed $204 million from RSA, according to media reports. In July, the company missed a $10 million interest payment to Retirement System of Alabama (RSA) and notified investors that it might have to file for bankruptcy. Luxury movie theater company IPIC Entertainment (Nasdaq: IPIC) has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court District of Delaware where it will seek approval of either a sale or financial reorganization plan. Here is a map to help you find it.Posted on Augby Alex Tostado in Company News, Florida, Retail, SoutheastīOCA RATON, FLA. IPIC Theaters is located at 1197 Peachtree St NE Suite 350, Atlanta, GA 30361. A nine-screen, 426-seat luxury iPic Theater, along. You can also reserve IPIC for family, friends and co-workers for a private event if you wish. (Courtesy North American Properties) Colony Square in Midtown is getting a movie theater as part of an ongoing multi-million renovation project.
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When you sign up for updates on IPIC’s website, you get a free IPIC ACCESS Silver Membership. Or, head over to our bar and lounge to enjoy conversation with friends over handcrafted cocktails invented by a master mixologist.” Serena Pastificio boasts a large open-concept focal bar surrounded by a vibrant dining room with semi-private dining tables situated around the restaurants perimeter. “Get acquainted with our chef-driven theater and restaurant menus offering thoughtfully prepared and seasonally inspired dishes. With 230-seats, the 6,635-square-foot restaurant offers alfresco dining with a 36-seat outdoor patio to capture the hustle and bustle of Colony Square and Midtown Atlanta.
“Our mission is to provide elevated entertainment escapes that engage multiple senses, transcending the traditional moving-going experience,” it says on IPIC’s website.
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What To Expect At Colony Square’s IPIC TheaterĪtlanta has other food-and-movie establishments, but IPIC’s stable of boutique theaters include a full dining, pod seating and bar menu.
Here’s what customers and movie fans can expect at IPIC. Serena Pastificio, located at the reimagined Colony Square, a 50-year-old mixed-use destination, joins a list of other contemporary dining ventures by IPIC. A pioneer of the dine-in theater concept, IPIC® Theaters mission is to a create an unforgettable experience for guests.
IPIC features a luxury restaurant-and-movie theater brand including seven restaurants and 14 theaters. IPIC Atlanta 4 2 63 of 98 Fun & Games in Atlanta Cinemas Closed now Visit website Call Write a review About IPIC Atlanta is a nine-screen, 426-seat luxury theater now open at the reimagined Colony Square. Looking for a place in Midtown Atlanta to eat at and enjoy a movie? IPIC, a premium dine-in cinema concept to Colony Square, recently opened in Midtown Atlanta.
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