Office space is now available for businesses that want to set up near a luxury movie theater.
The space, known as The Offices 4th & 5th Delray, will be within a new, four-story, mixed-use development in downtown Delray Beach that is under construction and includes an iPic theater and retail space. It is expected to be completed in March 2019, according to Laura Simon, executive director of the city’s Downtown Development Authority.
Commercial real estate firm Avison Young is marketing the building’s entire 26,233-square-foot third floor for the office space, which includes an 8,600-square-foot terrace with city and ocean views.
Avison Young spokesman Gary Gottlieb said there’s an advantage to having an office in the same place as a theater and retail stores: work-life balance, or a live-work-play environment.
“With a growing and sophisticated population’s increased desire to work in settings more conducive to work-life balance, The Offices 4th & 5th are highly anticipated,” he said in a statement.
The “play” component of this project has been anticipated for a while. The iPic theater experience allows moviegoers to enjoy food and drinks in oversized, reclining seats.
South Florida already has iPic theaters in Boca Raton and North Miami Beach. The company has two other theaters expected to open in 2020 — at the Metropica development in Sunrise and in Fort Lauderdale.
Condos and hotel projects are under construction in downtown Delray Beach, Simon said. It’s part of massive development plans for the district, generally described as the area between Interstate 95 east to the beach. Among the projects now underway is the Atlantic Crossing project, a $300 million destination of 82 condos, 261 apartments, 83,000 square feet of office space and 76,000 square feet of shops and restaurants.
“There’s huge potential, and lots of exciting things are happening,” Simon said. “Great things to come.”
Source: Sun Sentinel