The company asserts that an article in its lease provides that its rent obligation can be modified in the event of a problem such as a pandemic. After the store reopened, business was stagnant because of customer fears during a resurgence of COVID-19.Īs a result, it was impossible for the company to pay its rent through no fault of its own, Planet Blue said in a lawsuit filed against Crocker on Dec. The Les Bijoux case settled in September, with the company agreeing to pay the amount owed over time.īut Planet Blue is fighting the eviction, saying the city ordered the closures of non-essential businesses on March 25. They include the Blue Fish restaurant, which owed $123,105 as of September, Planet Blue women’s clothing store, which owed $185,744 as of November, and Les Bijoux jewelry store, which was behind $457,298 as of May. 16, IPIC had not responded in court to the eviction lawsuit.Ĭourt records show no similar eviction proceeding involving IPIC’s theater in Delray Beach.Ĭrocker Downtown Development Associates, which is tied to Mizner Park owner Brookfield Property Partners, has in recent months sought evictions of other tenants. Black of Plantation, who represents the landlord, said in an email that he does not discuss pending litigation.Īs of Dec. A public relations representative of the company did not answer an email query.Īttorney David W. Paul Safran, IPIC’s CEO and legal counsel, did not return a call and email requesting comment. It is unclear if the pandemic has caused IPIC’s problems, but many moviegoers are shunning theaters nationwide. Like theaters across the country, IPIC was forced to halt operations in the spring as the coronavirus pandemic prompted government orders to close all non-essential businesses. It emerged from the legal process less than three months later when its assets were sold to an affiliate of the Retirement Systems of Alabama, the chain’s largest creditor. 5, 2019, as theater patronage decreased nationwide and larger theater chains copied IPIC’s dine-in option and reclining seats. IPIC, a chain of 14 luxury theaters across the country, filed for Chapter 11 bankruptcy protection on Aug. That amount would increase by $79,489 for each additional month that rent is not paid. 25 by Crocker Downtown Development Associates. The theater has not paid its rent for eight months and owed $635,510 as of November, according to the eviction case filed in Palm Beach County Circuit Court on Nov. IPIC theater’s landlord in Mizner Park is seeking eviction of its tenant for non-payment of rent. IPIC’s Mizner Park theater reopened in the fall with social distancing and other precautions in place but now is facing an eviction proceeding in circuit court. Posted by The Coastal Star on Decemat 11:48
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