Continue with Recommended Cookies. All Rights Reserved. Plans also call for 120,000 square feet of accompanying stage support space, offices with views of the surrounding hillside, a mill, and parking for up to 450 vehicles. Tendrs a tu disposicin albercas privadas, wifi y estacionamiento. Sunset Studios. The Los Angeles area already ranks as the worlds leader in soundstage capacity with more than 5.2 million square feet of certified space, FilmLA data show. If Sunset Glenoaks is completed, the JVs Sunset Studios brand would total 42 soundstages and 3.5 million square feet of space, according to the report. With soundstages in short supply and production on the rise, a developer plans to build a new studio in Hollywood. RBC Capital Markets backs project in San Fernando Valley, Blackstone Group's Jonathan Gray, Hudson Pacific Properties's Victor J. Coleman and Sunset Studio Glenoaks (Blackstone Group, Hudson Pacific Properties, LinkedIn, iStock). Soundstages are one of the hottest categories in commercial real estate as entertainment production keeps rising. The home is located at the end of the cul de sac. Dubbed Sunset Glenoaks Studios, the 240,000-sq-ft, 10-acre project will house seven stages, ranging from 15,000 to 21,000 sq ft with 35-ft or 40-ft clear heights. Sunset Glenoaks Studio - Concrete Tilt-Up Construction Upon its completion, the joint venture will collectively own and operate 42 stages, or 3.5 million square feet, of LA-area studio facilities under the Sunset Studios platform. Roger Vincent covers commercial real estate for the Los Angeles Times. The 240,000-square-foot Sunset Glenoaks Studios project will include seven film- and TV-ready soundstages, production office and support space with more than 10 acres at 11070 West Peoria Street in the Sun Valley neighborhood. To be called Sunset Glenoaks Studios, the fully equipped, state-of-the-art studio facility will be the first large-scale, purpose-built studio in the Los Angeles area in more than 20 years, the companies said. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'whatnowlosangeles_com-medrectangle-3','ezslot_0',133,'0','0'])};__ez_fad_position('div-gpt-ad-whatnowlosangeles_com-medrectangle-3-0'); The total development cost for Sunset Glenoaks Studios is expected to be between $170 million and $190 million, according to the recent announcement. What did Disney actually lose from its Florida battle with DeSantis? The Sunset Gower Studios lot, the home of such Columbia classics as Frank Capra's It Happened One Night in 1934, Mr. Smith Goes to Washington in 1939, the Three Stooges shorts, Funny Girl and The Caine Mutiny, has continued to host productions of top new films such as The Good Shepherd and The Good German. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint. Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. The project to expand production at Television City comes as shortages keep the regions existing soundstages booked year-round. The 10-acre site in the Valley, now named Sunset . The Times landlord Atlas Capital Group intends to develop the parking lot around the printing plant in the near future and eventually take over the 1980s-era building and turn it into stages. When Sunset Glenoaks is complete, Hudson Pacific and Blackstones Sunset Studios brand will have 42 soundstages. Sen. Cassidy applauds Sinema's speech, blasts Biden for dividing Americans. It has building amenities including onsite management, fitness center, on site laundry, garage parking, roof deck, and outdoor space. But HPP and Blackstone could have more competition in a few years. demand in LA by leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply. reported in its fourth-quarter results last week that it secured a $94 million construction loan for a portion of the, The project is estimated to cost between $180 million and $200 million. Hudson Pacific buys Quixote Studios in $360-million deal Its expected to be complete by the third quarter of 2023. Hudson Pacific, Blackstone Launch Big Studio Project Victor Coleman, chairman-CEO of Hudson Pacific called Sunset Glenoaks a perfect example of our long-term strategy with Blackstone to buy and transform existing facilities and to build new, state-of-the-art studios within Los Angeles and other high-priority production markets weve identified for expansion.. Home / Los Angeles, CA / 1267 St Ives Pl. Two big projects recently surfaced in Downtown L.A. Atlas Capital Group wants to convert a former Los Angeles Times printing plant into a 17-stage campus, while East End Capital is planning a 237,000-square-foot complex closer to the Arts District. Harry Cohn died in 1958 at the age of 66. 251 W Dryden St Glendale CA 91202 - Apartment Finder Updated kitchen cabinets, ss appliances, granite countertops, built in micro wave, some new light fixtures. 2021 Top Owners Sourcebook: New LA Film Studio About 22281 Tupelo Pl. Tag: Sunset Glenoaks Studios. Have a question for 1267 St Ives Pl? In the fourth quarter, Hudson Pacific finished its 584,000-square-foot One Westside project a former mall that was redeveloped into office space and is leased to Google. The operator of Sunset Studios, Hudson Pacific Properties, has acquired Quixote Studios for $360 million, significantly expanding its footprint in the soundstage business. Sunset Glenoaks Studios | Urbanize LA It will cover 240,000 square feet on over 10 acres with seven sound stages. Local soundstages have remained leased during the pandemic; location shoots, which had dwindled to a trickle during the worst months of the pandemic, are mounting a comeback. Famed Universal Studios lot will add soundstages as film and TV Last week, Gov. The primary bedroom is filled with natural light and hosts its . First large-scale, purpose-built studio development in Los Angeles in over 20 years State-of-the-art 240,000-square-foot project to include 7 stages, production office and support space Property to. Desde Universal Studios Hollywood, Universal City, La 67 min; Desde SLS Hotel, a Luxury Collection Hotel, Beverly Hills, Beverly Grove, La 50 min; Desde 24 Hour Fitness, East Los Angeles . We are leveraging our development and studio operations expertise to further expand Sunset Studios facilities here in Los Angeles, where demand from leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply.. A rendering of a production office at Sunset Glenoaks Studios. The 240,000-square-foot project will include seven film- and TV-ready soundstages, production office . Hudson Pacific Properties and Blackstone to Develop - PressReleasePoint What Now Media Group 2023. The company also said on its website that construction began in 2020. A CERTIFIED LOS ANGELES SLB. Variety is a part of Penske Media Corporation. Their lawsuit was rejected by a Los Angeles Superior Court judge in 2016. Liberals blast Sen. Kyrsten Sinema as racist, 'bigot' for opposing Soundstages to Rise in Sylmar - San Fernando Valley Business Journal Hollywood's Sunset Studio to open new base in Hertfordshire Sunset Gower Studios - Wikipedia 2 bed 1.5 bath 1279 sqft. 5 min read. His memorial service was held on stages 12 and 14 at the studios (there is no stage 13). The project will include seven soundstages with clear heights of 35 or 40 feet and 120,000 square feet of support space. With many projects in the planning process, the company is also wrapping construction on One Westside, a 584,000 square-foot creative office project in Los Angeles. It would be the first such project built in Los Angeles in decades, and it would help stop shows from fleeing to other states. But Sunset Glenoaks already has administrative approval, and the neighbors legal challenge has been defeated. The roughly $190-million project will include seven sound stages, each of which would range from 15,000 to 21,000 square feet in size and include 35- and 40-foot ceiling heights. We use cookies for anonymous analytics and operational purposes: information we share with our affiliates and our service providers is solely for purposes of advising us on the nature and extent of our website traffic for marketing and security purposes. The developers expect to complete the project in the third quarter of 2023. The roughly $190-million project will include seven sound stages, each of which would range from 15,000 to 21,000 square feet in size and include 35 . Rich L.A. homeowners are snapping them up, Stocks jump as Wall Street cruises to best day since January, Car debt piles up as more Americans owe thousands more than vehicles are worth, Chicken-flavored ice cream? The Sunset Studios branding follows the branding of three other large production facilities they own Sunset Gower Studios, Sunset Bronson Studios, and Sunset Las Palmas. . The firm plans to demolish approximately 160,600 square feet (14,920m2) of existing buildings at 6050 W on the 16-acre (6.5ha) site. In 2021 the two announced plans to invest $170 million to $190 million to develop a 240,000-sq.-ft. production studio on the edge of LA, Sunset Glenoaks Studios. Studio Lot Rentals At Sunset Los Angeles Hudson Pacific Properties reported in its fourth-quarter results last week that it secured a $94 million construction loan for a portion of the Sunset Glenoaks studio development with Blackstone.. Design includes the option to shoot on a virtual stage; a state-of-the-art power grid designed for LED lighting; and high-speed fiber connectivity with scalable Internet. Something opening or closing in your hood? Seven years ago, a developer floated a plan to build a new TV and film production facility on the site of an old gravel pit in the San Fernando Valley. PARTNER CONTENT. Sunset Glenoaks Studios - Kimberlina Whettam & Associates Hudson Pacific, Blackstone to develop $190m Los Angeles studio facility If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. HUDSON PACIFIC PROPERTIES, INC. Management's Discussion and Analysis of Sunset Studios. The project is estimated to cost between $180 million and $200 million. Hudson Pacific owns Quixote, a leading provider of production services including sound stages, production supplies and transportation vehicles. The studio will comprise approximately 240,000 square feet on more than 10 acres, making it the first large-scale purpose-built studio development in Los Angeles in decades.