Dezer Development adds luxury theater to Intracoastal Mall

Miami /
Jun.June 11, 2014 11:15 AM

Dezer Development struck a deal with luxury movie theater chain iPic Theaters to expand to the company’s Intracoastal Mall in North Miami Beach.

The mall owner and iPic signed a 40,000-square-foot lease at the property, which is located along the Intracoastal Waterway. An eight-screen theater is set to be built at the mall, according to Tuesday’s written announcement. Construction should start within three months and wrap up in time for a fall 2015 opening.

Intracoastal’s iPic would join an existing location in Boca Raton. The chain also plans to open a theater in Delray Beach.

“The residents of North Miami Beach, Aventura and Sunny Isles Beach demand the very best, and we know they will embrace the style, affinity and luxury that iPic Theaters has to offer,” iPic Entertainment president and CEO Hamid Hashemi said.

Dezer paid nearly $64 million for the 3501 Sunny Isles Boulevard mall in December 2013. — Eric Kalis


Related Articles

arrow_forward_ios
Damac Properties founder Hussain Sajwani and the Surfside collapse site (Damac, Getty)
Dubai developer revealed as $120M bidder for Surfside collapse site
Dubai developer revealed as $120M bidder for Surfside collapse site
Surfside site’s stalking horse bidder signed contract, auction slated for February as claims could reach $1B
Surfside site’s stalking horse bidder signed contract, auction slated for February as claims could reach $1B
Surfside site’s stalking horse bidder signed contract, auction slated for February as claims could reach $1B
Alex Rodriguez and Constantine Scurtis at far right (Getty)
A-Rod gets 13 lawsuits dismissed that were filed by ex-brother-in-law over real estate empire
A-Rod gets 13 lawsuits dismissed that were filed by ex-brother-in-law over real estate empire
Estate Companies pays $15M for downtown Hollywood Opportunity Zone site
Estate Companies pays $15M for downtown Hollywood Opportunity Zone site
Estate Companies pays $15M for downtown Hollywood Opportunity Zone site
Ex-Sagamore Hotel owners set North Miami record with $11M home sale
Ex-Sagamore Hotel owners set North Miami record with $11M home sale
Ex-Sagamore Hotel owners set North Miami record with $11M home sale
Harvey Hernandez and a rendering of his Brickell project
Harvey Hernandez plans three-tower project on riverfront Brickell site
Harvey Hernandez plans three-tower project on riverfront Brickell site
Infinity project (Kobi Karp)
GPI Real Estate wins $6M settlement over failed Sunny Isles Beach project
GPI Real Estate wins $6M settlement over failed Sunny Isles Beach project
Judge Michael Hanzman and the site at 8777 Collins Avenue (Miami-Dade Circuit Court, Getty)
Judge overseeing Surfside collapse litigation chastises town over proposed downzoning
Judge overseeing Surfside collapse litigation chastises town over proposed downzoning
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...