By executing on our vision to deliver high-quality sound stages alongside a robust array of production services, we've created a premier, streamlined solution for today's leading media companies. Hudson said the development will offer content creators a unique production environment as the first large-scale facility built in the city in more than 20 years. (15) We own 50% of the ownership interest in the unconsolidated joint venture that owns Sunset Glenoaks Studios. Chad Johnson, Former 'Bachelorette' Contestant, Wins Round In . Sylmar Studios executives and Los Angeles City Councilwoman Monica Rodriguez assembled in Sylmar for the start of the $500 million development project, . All our breaking news, straight to your inbox. Its expected to be complete by the third quarter of 2023. It has building amenities including onsite management, fitness center, on site laundry, garage parking, roof deck, and outdoor space. 1) Includes under construction 241,000 square-foot Sunset Glenoaks Studios in the San Fernando Valley and planned 1,167,000foot Sunset Waltham Cross Studios in North London and excludes 1,120,000 square feet of nonrevenue generating trailer and equipment - storage space. Sunset Glenoaks is 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, said Hudson Pacific Properties chairman Victor Coleman in a prepared statement. The Sunset portfolio includes more than 60 stages across five lots in Los Angeles and the U.K. At that time, Alton Butler, the CEO of Line 204, said that he expected to break ground that September, and that the project would be operational by late 2019. Two bedrooms 1 and 1/2 bath townhome for lease in desirable N/W Glendale above Glenoaks. In 2017, developer Hudson Pacific Properties submitted plans providing details of its new vision for Hollywood's landmark Sunset Gower Studios. Hudson Pacific, which entered into its partnership with Blackstone in 2020, owns 42 soundstages and 3.5 million square feet of existing or proposed real estate under its Sunset Studios portfolio, including the existing Sunset Bronson, Sunset Gower, and Sunset Las Palmas properties. Sen. Cassidy applauds Sinema's speech, blasts Biden for dividing Americans. The film-and-TV ready stages will range from 15,000 to 21,000 square feet, all with 35 to 40-foot clear heights. Hudson Pacific Properties and Blackstone are planning a ground-up studio facility in Sun Valley. Deadline is a part of Penske Media Corporation. 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. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens, Rachael Ray Daytime Talk Show To End After 17 Seasons, Eyes $45.5M Opening In U.S., A Record For Rocky Spinoff Franchise & Amazon, SAG-AFTRA And Casting Directors Weigh In On Self-Tape Controversy, Oscar Winner Guillermo Del Toro On The Films That Lit His Fuse. Studio. 1 Bed. Sunset Studios. , Second Gentleman Doug Emhoff To Headline Starz and MPA Event On Importance Of Women Leaders In Government And Entertainment, Tom Sizemore Dies: 'Saving Private Ryan' & 'Black Hawk Down' Star Was 61; Reactions + Career In Photos, Will Moviegoers Lend An Ear To Children Of The Corn Remake? New kitchen with granite counter tops, Stainless steel appliances. 2021. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Greystone sells Lantana apartments to real estate mogul for $10M, Sticker shock: Ranking South Floridas priciest residential rentals, High Street, Daiwa bring resi to River Oaks, St. Charles revamp of torched resort takes center stage in local City Hall races, LIV plans massive resi project in Fort Worth, KBS deal to sell Union Bank Plaza to Joel Schreiber delayed for 9th time. 2 Bd, 1 Ba 1 Half Ba. Is there anything else you'd like to ask 1267 St Ives Pl? Variety reports that the project will be among the first developments to benefit from a $150-million state tax credit intended to promote the construction of new production facilities. You will be redirected back to your article in. Beautiful hardwood floors, quartz counters, and shaker cabinets bring the kitchen to life, while also featuring a countertop bar to dine at, or dine at the dining table surrounded by windows. 10. In November 2004, Sunset Gower Studios was purchased by GI Partners for an estimated $105 million, and in 2006 began construction on a six-story building for Technicolor SA. 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? Hudson Pacific has been at the forefront of Hollywood's renaissance for more than a decade. It will have seven soundstages, offices and other production facilities on 10 acres. Tenants at the studio properties include Netflix, which leases two Hudson Pacific-owned office buildings in Hollywood. . The primary bedroom is filled with natural light and hosts its . Since 2007, the studio has been undergoing both interior and exterior improvements on the lot. With soundstages in short supply and production on the rise, a developer plans to build a new studio in Hollywood. Hudson Pacific Properties and Blackstone Group are set to build what they're calling Sunset Glenoaks Studios for $170 million to $190 million an approved soundstage development to add to its prized Sunset Studios portfolio and the overall race for content creation space in the L.A. area. Two story completely remodeled. The Los . Seven film . Sunset / Alvarado: 4 min a pie: VER: Glendale / Reservoir: 4 min a pie: VER: Estaciones de Metro cercanas a La Seismic Construction en Echo Park, La. Future location of Sunset Glenoaks Studios, the $1.25-billion Television City 2050 plan, a $650-million complex proposed for the L.A. Times Printing Plant site in Downtown. Named Sunset Glenoaks Studios, the project will rise on a 10-acre site at 11070 W. Peoria St. and contain seven film and television sound stages ranging from 15,000 to 21,000 square feet, along with production office and support space.It will also join the Sunset Studios brand, which includes three Hollywood studios - Sunset Gower Studios, Sunset Bronson Studios, and Sunset Las Palmas . The project will cost as much as $190 million and work is set to begin later this year. 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. Sunset Glenoaks Studios Sun Valley, CA. $190-million office, studio complex coming to the Northeast Valley. We want to hear from you! 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 . We are excited to share that Quixote has been acquired by Hudson Pacific Properties. Earlier this year, Hudson Pacific and Blackstone unveiled plans to develop Sunset Glenoaks Studios to take advantage of the growing market for soundstages. That project will finally move forward under the ownership of one of the region's biggest owners and developers of production facilities. By early 2020, Butler told the L.A. Times that construction had just gotten underway, and was expected to last 20 months. They appealed, and the appeal was denied in 2018. As the demand for content continues to expand, we are well positioned to benefit in the coming years.. Big players have been jumping in. Hudson Pacific On Path to Develop Seven West Coast Studio and. Sunset Studios has played a critical role in Hollywood for over 100 years. 4.We own 35% of the ownership interests in the . A rendering shows a planned movie studio, Sunset Glenoaks Studios, in the Sun Valley neighborhood of Los Angeles. This investment reflects both our high conviction in content creation, a space that is benefitting from strong, secular tailwinds, and our long-term commitment to the Los Angeles market. 2023 Variety Media, LLC. Home / Los Angeles, CA / 1267 St Ives Pl. All Rights Reserved. We and our partners use cookies to Store and/or access information on a device. Sunset Studios is one of the largest independent studio operations in Los Angeles and manages almost half of all studio space in Hollywood. The Poverty Row area of Hollywood, bounded by Sunset Boulevard on the North, Gower Street on the West, and Beachwood Drive on the East, was a collection of small warehouses and offices where independent film makers gathered to buy "short ends" of film from the major studios, in order to create their "great American dreams". Liked by Lee Watkins. When Sunset Glenoaks is complete, Hudson Pacific and Blackstones Sunset Studios brand will have 42 soundstages, and the owners said they are pursuing other expansion opportunities in Los Angeles, New York, London and Vancouver, Canada. Hackman Capital Partners, the owner of Television City, formerly operated by CBS, announced plans in March to make $1.25 billion worth of improvements to the Los Angeles lot, including raising the number of soundstages to at least 15, from eight, along with production support facilities and offices for rent. Outside of the studio world, the firm is still heavily focused on office properties. 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. fridge, range, hood and Brand new dishwasher. 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. . - by Travel + Leisure and Travel + Leisure Staff. In 1922, Harry Cohn of Cohn-Brandt-Cohn (CBC) Film Sales Corporation rented 6070 Sunset Blvd in Poverty Row. Its Sunset Glenoaks Studios is . Sunset Glenoaks is located at 11070 West Peoria Street in the Sun Valley neighborhood near Burbank. Sunset Glenoaks Studios will include 120,000 square feet of stage-adjacent support space, as well as offices with hillside views, a dedicated set- and prop-building space (known as a mill, in industry jargon) and parking for 450 cars, according to plans unveiled Thursday. Sunset Studios includes three storied lots in HollywoodSunset Bronson, Sunset Gower, and Sunset Las Palmas, that have been home to iconic television shows and . Read the latest edition of the Commercial Observer online! The facility will also include . That sets up a race for productions to lease out space in newly built soundstages before the credit funding is exhausted. Last week, Hudson Pacific Properties and Blackstone announced plans for Sunset Glenoaks Studios, a project which would rise from a currently vacant 10-acre site at 11100-11220 W. Peoria Street. Hudson Pacific Properties and Blackstone have scored a $94 million construction loan to build a portion of their planned studio development in the San Fernando Valley.
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