The publicist for the 4th and 5th Delray building owners did not respond to an email seeking comment. RSA has no comment at this time, spokeswoman Michelle Soudry said via email.
Ipic movie movie#
Even with the membership program, people must pay about $26 for a movie ticket on weekends. Its pod seating allows two people to sit together, perfect for date nights but not for a group of friends. In Delray Beach, a complex of eight iPic theaters opened in March. In addition, fewer people were going to the movies, preferring to stream movies in the comfort of their homes. Soon, competitors began providing the same luxury movie-watching experience. When iPic began in 2010, Hashemi had a novel approach to movie theaters by providing reclining seats and food service. 5 in Delaware, when it was crumbling under a $220 million debt load to RSA. The luxury movie theater chain had filed for bankruptcy court protection on Aug. The changes were allowed because RSA had made the winning bid for the iPic assets in bankruptcy court, offering $51.8 million. 31, RSA canceled the lease for the corporate apartment in Boca Raton. He persuaded city leaders to approve his project with a promise of higher-paying jobs in Delray Beach.Īlso, on Oct. In 2015, Hashemi had promised to move the company’s headquarters to Delray Beach. 31 for headquarters office space in its new theater building in Delray Beach, now called 4th & 5th Delray.
The lender, Retirement Systems of Alabama, canceled the lease Oct. The new company operates iPic theaters in 15 cities and remains based in Boca Raton. It was the same day that its lender gained control of the iPic luxury theater chain through an affiliate, iPic Theaters. Hamid Hashemi and three other men resigned from their executive positions with iPic Entertainment on Nov. Posted by The Coastal Star on Decemat 11:28
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