Hudson Pacific and Blackstone are adding a fourth project to their Sunset Studios family, unveiling plans to build Sunset Glenoaks Studios amid a booming . Tenants at the studio properties include Netflix, which leases two Hudson Pacific-owned office buildings in Hollywood. It does not appear that any building permits were pulled, however, and in January 2021, the Commercial Observer reported that Line 204 was looking to unload the property to Hudson Pacific. Outside of the studio world, the firm is still heavily focused on office properties. Hardwood floors throughout refinished. 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. Mark Lammas, president of Hudson, said during the quarterly earnings call that the firm expects Sunset Glenoaks to generate approximately $15 million of new annual income once its operational. But Sunset Glenoaks already has administrative approval, and the neighbors legal challenge has been defeated. The neighbors didnt like the plan, citing traffic and other objections, and the project got bogged down in years of costly litigation. About 616 Golden Gate Pt #7. The project will include seven soundstages with clear heights of 35 or 40 feet and 120,000 square feet of support space. The Sunset Glenoaks studio has been delayed for seven years, and now stands to be first line for a new tax credit. Responding to the surging demand for state-of-the-art studio space, Hudson Pacific Properties Inc. and Blackstone are teaming up to develop the first large-scale, purpose-built studio in the Los Angeles area in more than 20 years. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint Hollywood studio portfolio. 2023 Deadline Hollywood, LLC. The project is estimated to cost between $180 million and $200 million. Sunset Studios includes three storied lots in HollywoodSunset Bronson, Sunset Gower, and Sunset Las Palmas, that have been home to iconic television shows and . [6], Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}34546N 1181916W / 34.09611N 118.32111W / 34.09611; -118.32111. While demand for studio space in Los Angeles remains high, the seven-year gap between approvals and construction may be perfect timing for the Sunset Glenoaks project. 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". Last updated March 1 2023 at 10:45 AM. PARTNER CONTENT. . Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint. Assistant Project Manager, Sunset Glenoaks Studios. HPP and Blackstone secured approval last November for their 500,000-square-foot expansion of Sunset Gower in Hollywood. It will have seven soundstages, offices and other production facilities on 10 acres. That project will finally move forward under the ownership of one of the region's biggest owners and developers of production facilities. 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. Preconstruction and construction services for a new studio campus on 10 acres. Hudson Pacific's Sunset Studios has revolutionized the studio for those revolutionizing content. Shadow Hills. Home / Los Angeles, CA / 1267 St Ives Pl. 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.. 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. Chad Johnson, Former 'Bachelorette' Contestant, Wins Round In . New kitchen with granite counter tops, Stainless steel appliances. The firm did swing back to profitability, with $8.1 million in net income in the fourth quarter, compared with a $9.3 million net loss in the third quarter. Hudson Pacific announced the deal in a quarterly earnings release on Wednesday, but did not disclose the lender. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 2021 Sunset Glenoaks Studios. Other sizable studio projects have already been announced in Los Angeles, including the $450 million Echelon Studios project in Hollywood and the $1.25 billion renovation of Television City in the Fairfax District. Property to join the Sunset Studios brand family as Sunset Glenoaks Studios LOS ANGELES and NEW YORK (July 29, 2021)Hudson Pacific Properties, Inc. ("Hudson Pacific") (NYSE: HPP) and Blackstone (NYSE: BX) today unveiled plans to develop a fully entitled, state-of-the-art, purpose-built studio facility in Sun Valley, California. RBC is one of many institutional lenders cashing in on studio development. Hudson, in partnership with Blackstone, has acquired Sunset Gower, Sunset Bronson, Sunset Las Palmas and is developing Sunset Glenoaks, becoming become one of the largest independent owner-operators of studio space. New demand for big entertainment-related spaces comes from old-line entertainment companies and newcomer streaming services such as Netflix, Apple TV+ and HBO Max. 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 . It will also join the Sunset Studios brand, which includes three Hollywood studios Sunset Gower Studios, Sunset Bronson Studios, and Sunset Las Palmas Studios also owned by HPP and funds managed by Blackstone. Sunset Glenoaks film-and-TV ready stages will range from 15,000 to 21,000 square feet, all with 35 to 40-foot clear heights. 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. Gorgeous unobstructed views of Sarasota Bay and City lights. A show stopper is this direct front 2nd floor residence. 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. The price tag for the project, to be called Sunset Glenoaks Studios, is . Established in 1912, it continues today as Hollywood's largest independent studio[1] and an active facility for television and film production on its twelve soundstages. In Sun Valley, partners Hudson Pacific Properties Inc. and Blackstone secured a $94 million loan to build Sunset Glenoaks Studio, which will see seven soundstages cover 241,000 square feet . A rendering shows a planned movie studio, Sunset Glenoaks Studios, in the Sun Valley neighborhood of Los Angeles. Great opportunity to move into this 5 bedroom 3 full bath lakeview pool home in prestigious Lexington estates. AVILABLE April 1, 2024 THROUGH December 31, 2024. This field is for validation purposes and should be left unchanged. 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 . 1. Sen. Bill Cassidy, R-La., on Sen. Kyrsten Sinema speaking out against President Biden's push to change the filibuster. Sunset Glenoaks is located at 11070 West Peoria Street in the Sun Valley neighborhood near Burbank. 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, Hudson Pacific Properties Chairman and CEO Victor Coleman said in a statement. Application. 5 min read. Well maintained complex. Yes, Scream VI Marketing Is Behind the Creepy Ghostface Sightings Causing Scares Across the U.S. David Oyelowo, Taylor Sheridan's 'Bass Reeves' Series at Paramount+ Casts King Richard Star Demi Singleton (EXCLUSIVE), Star Trek: Discovery to End With Season 5, Paramount+ Pushes Premiere to 2024. The project will cost as much as $190 million, and work is set to begin this year. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Studio. 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. A group of homeowners from the Shadow Hills community fought the project at City Hall, arguing that the studio would be too big and would generate too much traffic. Sunset Gower Studios is now working closely with its sister company Sunset Bronson Studios, located just a couple of blocks east on the site of the original Warner Bros. lot (192337), formerly owned by Tribune Broadcasting, and Sunset Las Palmas Studios, formerly the Hollywood Center Studios until 2017. Rather, Sunset Glenoaks Studios will go up in Sun Valley neighborhood north of North Hollywood in the San Fernando Valley. 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 developers expect to complete the project in the third quarter of 2023. Sunset Glenoaks Studios, which will represent a total investment of approximately $170 to 190 million, is expected to be completed in third quarter 2023. By subscribing, I agree to the Terms of Use and Privacy Policy. Roger Vincent covers commercial real estate for the Los Angeles Times. The consent submitted will only be used for data processing originating from this website. Roger Vincent. Variety and the Flying V logos are trademarks of Variety Media, LLC. The law specifies that a studio will be considered new so long as it did not have a building permit on the date the law was signed that is, July 21. It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. What Now Los Angeles is assembling LA's leading organizations in the restaurant, retail and real estate industries to help you take your business to the next level. Big players have been jumping in. Sylmar Studios executives and Los Angeles City Councilwoman Monica Rodriguez assembled in Sylmar for the start of the $500 million development project, . Manage Settings Sustainability and health and wellness are a priority. The Sunset portfolio includes more than 60 stages across five lots in Los Angeles and the U.K. The $150 million will be doled out by the California Film Commission on a first-come, first-served basis. All Rights Reserved. Needing an appropriate backdrop, Newsom signed the tax credit bill last week at Sunset Gower. Cohn-Brandt-Cohn (CBC) Film Sales Corporation, "Sunset Gower Studios - via Socialbilitty Places", "Sunset Gower Studios, former home of Columbia, marks 100 years", "Hudson Pacific Properties plans massive expansion at Sunset Gower Studios", "Hollywood's Legendary Sunset Gower Studios Is Reborn: Multi-Million Dollar Remodeling and New Construction Underway", "A Thumbnail History of Sunset Gower Studios", https://en.wikipedia.org/w/index.php?title=Sunset_Gower_Studios&oldid=1117585492, Buildings and structures in Hollywood, Los Angeles, Film production companies of the United States, Entertainment companies based in California, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 October 2022, at 14:25. Hudson Pacific owns Quixote, a leading provider of production services including sound stages, production supplies and transportation vehicles. You will be redirected back to your article in. Sunset Glenoaks design includes optionality 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. That sets up a race for productions to lease out space in newly built soundstages before the credit funding is exhausted. Read the latest edition of the Commercial Observer online! Its not just you, Work phones make a comeback as offices ban WhatsApp, TikTok, Desperate mountain residents trapped by snow beg for help; We are coming, sheriff says, Hidden, illegal casinos are booming in L.A., with organized crime reaping big profits. It would be the first such project built in Los Angeles in decades, and it would help stop shows from fleeing to other states. , 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? Sunset Glenoaks is being planned by Hudson Pacific and its partner Blackstone. Sarah Butler. The complex is the second large project the two firms have undertaken since HPP sold a 49 percent stake in its studio portfolio to Blackstone last year. The project will cost as much as $190 million and work is set to begin later this year. The name was changed to "Sunset Gower Studios" and the lot became a rental facility for independent film companies. 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. Hudson Pacific Properties and Blackstone are planning a ground-up studio facility in Sun Valley. They appealed, and the appeal was denied in 2018. The property was home to a gravel mining operation until 1974, when it was filled in and left vacant. It required a 440-ton crawler crane to lift these 70-foot concrete . Los Angeles real estate developer David Simon intends to build a new $450-million independent studio in Hollywood with five soundstages and support facilities including offices and bungalows for entertainment creators. 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. Other recently announced studio projects include a $650-million plan to build 17 soundstages on a site now occupied by the Los Angeles Times printing plant on Olympic Boulevard in an industrial neighborhood in downtown Los Angeles. Established in 1912, it continues today as Hollywood's largest independent studio and an active facility for television and film production on its twelve soundstages. Next. An example of data being processed may be a unique identifier stored in a cookie. Soundstages are one of the hottest categories in commercial real estate as entertainment production keeps rising. Listings, photos, tours, availability and more. The film . 2021. Sunset Glenoaks Studio Project Delayed Long Enough to Get Tax Credit - Variety 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. "Unique to Glen Oaks Big Sur, you have access to acres of prime hiking trails, the Big Sur River, and redwood groves". It will cover 240,000 square feet on over 10 acres with seven sound stages. storage and mill shop for set and prop construction. Seven film- and TV . Two story completely remodeled. 1 Available. The 10-acre site in the Valley, now named Sunset . One of "Sunset's best cabin getaways". Sunset Glenoaks will comprise approximately 240,000 square feet on over 10 acres, making it the first large-scale, purpose-built studio development in Los Angeles in decades. The Times may extend its lease there into the 2030s. Sunset Glenoaks will be Hudson Pacific and Blackstones fourth studio development together the firms already own Sunset Gower, Sunset Bronson and Sunset Las Palmas in Hollywood giving it 42 soundstages altogether. New York-based RBC Real Estate Capital Partners provided the loan, property records show. Last week, Gov. and a 30,000 s.f. It was also used in the seventies as a music rehearsal facility catering to musicians such as Elton John, Fleetwood Mac, The Eagles, Led Zeppelin, Ringo Starr, Frank Zappa, and Olivia Newton-John. The timing almost could not have worked out better. Its "back lot" on Hollywood Way in Burbank, where the Columbia westerns were made, became the property of Warner Bros. Columbia Pictures Corporation, renamed "Columbia Pictures Industries, Inc." after merging with its television subsidiary Screen Gems (now Sony Pictures Television) in 1968,[4] became a film entity without real estate. Upon the completion of Sunset Glenoaks Studios in Sun Valley, California, Blackstone and HPP will collectively own and operate under its Sunset Studios platform 42 stages or 3.5 million square feet, including development rights, of Los Angeles area studio . $190-million office, studio complex coming to the Northeast Valley. Sunset Glenoaks Studios Sun Valley, CA. The 10-acre site in the Valley, now named Sunset Glenoaks, stands to be among the first in line to benefit. We do not sell and will not sell any personal information. Sunset Studios is one of the largest independent studio operations in Los Angeles and manages almost half of all studio space in Hollywood. Sept. 1, 2022 11:12 AM PT. Sen. Cassidy applauds Sinema's speech, blasts Biden for dividing Americans. 2 Beds. By purchasing and renovating existing studios as well as building new facilities from the ground up, Hudson Pacific has established Sunset Studios as one of the leading operators of premier, independent, purpose-built studios and related production services in Los Angeles and the UK. BPI Universal. 1279 Sqft. Kaiser Permanente plans to move 1,200 administrative jobs from . What Now Media Group 2023. Sunset Glenoaks Studios KW&A assisted with this project. On an earnings call Thursday, Hudson Pacific said construction has already started on Sunset Glenoaks, with opening slated for 2024. 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. Separate dining room. Something opening or closing in your hood? All rights reserved. On this Wikipedia the language links are at the top of the page across from the article title. Recessed lighting in kitchen and living room. Though the project was approved by the Los Angeles City Council in 2015, it appears that productions that shoot at Sunset Glenoaks will qualify to claim the incentive. Burbank Village Apartments 12244 Burbank Blvd is an apartment building with 2 floorplans, and studio-1 bedroom units available. The Registry-November 2, 2021 0. 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.. demand in LA by leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply. All our breaking news, straight to your inbox. The lot, in the meantime, sat fallow. Read Next: Why Sylvester Stallone Is Not in Creed 3, Georgia Lawmakers to Review States $1.3 Billion Film Credit, Jussie Smollett Appeals 150-Day Jail Sentence in Hate Crime Hoax, IATSE Accelerates VFX Industry Organizing Drive with Release of Working Conditions Survey, Harry Potter Star Evanna Lynch: I Wish People Would Give J.K. 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Cole: This Song Opens a Door to My Next Chapter, Britain's $4 Billion Boss: ITV Chief Carolyn McCall Bets It All on Talent, 2023 Music Festivals: How to Buy Tickets to Coachella, Governors Ball, Lollapalooza and More. But HPP and Blackstone could have more competition in a few years. In 2017, developer Hudson Pacific Properties submitted plans providing details of its new vision for Hollywood's landmark Sunset Gower Studios. The project includes seven sound stages totaling 136,000 s.f, four production office buildings totaling 91,000 s.f. The 240,000-square-foot Sunset Glenoaks Studios is slated to include seven soundstages, offices, and other support space on 10 acres at 11070 W. Peoria Street, according to Commercial Observer. The 240,000-square-foot Sunset Glenoaks Studios is slated to include seven soundstages, offices, and other support space on 10 acres at 11070 W. Peoria Street, according to Commercial Observer. 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.
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