The 10-acre site in the Valley, now named Sunset . RPR/Snyder Langston's latest project, Sunset Glenoaks Studios. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint. Signup for Breaking News Alerts & Newsletters. 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. Its expected to be complete by the third quarter of 2023. It would be the first such project built in Los Angeles in decades, and it would help stop shows from fleeing to other states. 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". The project, spread across four hectares, is estimated to cost $170m to $190m, and is expected to be completed in the third quarter of 2023. - Sunset Magazine. 2 Beds. The project will include seven soundstages with clear heights of 35 or 40 feet and 120,000 square feet of support space. The company also said on its website that construction began in 2020. 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. Continue with Recommended Cookies. 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. It has building amenities including onsite management, fitness center, on site laundry, garage parking, roof deck, and outdoor space. In 2014, the City of Los Angeles signed off on a proposal to redevelop a former gravel pit in the Northeast San Fernando Valley with a movie studio. (16) Skyway Landing was sold on February 6, 2023. 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. Have a question for 1267 St Ives Pl? Line 204, a company that owns soundstages in Pacoima and Hollywood, first proposed building the studio in 2014 on the site near the corner of Glenoaks Boulevard and Peoria Street in Sun Valley. Seven film . A CERTIFIED LOS ANGELES SLB. Storied movie studio Warner Bros. Ranch in Burbank will be redeveloped with 16 new soundstages as demand for facilities to make movies and television . Construction is expected to be completed in the third quarter of 2023 at a cost of $170-$190 million. 1 Available. This fabled orchid breeder loves to chat just not about Trader Joes orchids, Best coffee city in the world? Jacob Werner, senior managing director for Blackstone Real Estate, said Sunset Oaks is the first large-scale studio development in the last 20 years in the city. 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. Variety is a part of Penske Media Corporation. One of "Sunset's best cabin getaways". By early 2020, Butler told the L.A. Times that construction had just gotten underway, and was expected to last 20 months. A show stopper is this direct front 2nd floor residence. 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 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. 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. 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. Plans are for 120,000 square feet of stage-adjacent support space as well as offices with hillside views, a large mill (area where productions can construct sets), 450 parking stalls and generous truck loading. Hudson Pacific, Blackstone To Build Sunset Glenoaks; Partners' Fourth LA Studio Project Amid Spiking Demand For Sound Stages. , 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? This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The pair will develop Sunset Glenoaks Studios, which forms part of three existing Sunset studios in Hollywood also jointly owned by Hudson Pacific and funds managed by Blackstone. It will feature seven soundstages on a 10-acre parcel at 11070 W. Peoria . Separate dining room. The home is located at the end of the cul de sac. But HPP and Blackstone could have more competition in a few years. Golden Gate Point , a 25 acre private peninsula. Is there anything else you'd like to ask 1267 St Ives Pl? 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. His memorial service was held on stages 12 and 14 at the studios (there is no stage 13). Hudson Pacific and Blackstone aren't the . The operator of Sunset Studios, Hudson Pacific Properties, has acquired Quixote Studios for $360 million, significantly expanding its footprint in the soundstage business. HPP owns roughly 20 percent of all leasable soundstage space in Los Angeles County, making it one of the largest studio investors in L.A. along with Hackman Capital Partners. Tenants at the studio properties include Netflix, which leases two Hudson Pacific-owned office buildings in Hollywood. 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. New light . All Rights Reserved. Sunset Glenoaks Studios, which will represent a total investment of approximately $170 to 190 million, is expected to be completed in third quarter 2023. 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. The project is estimated to cost between $180 million and $200 million. 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. With soundstages in short supply and production on the rise, a developer plans to build a new studio in Hollywood. On an earnings call Thursday, Hudson Pacific said construction has already started on Sunset Glenoaks, with opening slated for 2024. Application. HPP and Blackstone expect to finish Sunset Glenoaks Studios in the third quarter of 2023, according to the announcement. Rather, Sunset Glenoaks Studios will go up in Sun Valley neighborhood north of North Hollywood in the San Fernando Valley. , 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. The project includes EV charging stations, bike parking, and showers, and will be 100% carbon neutral. fridge, range, hood and Brand new dishwasher. NBCUniversal plans for a major development at its famed Universal Studios lot, adding more soundstages as media companies race to satisfy the content boom. Bardas Investment Group in May announced plans to build a 350,000-square-foot soundstage-and-office complex in Hollywood. LEARN MORE. 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. Its expected to be complete by the third quarter of 2023. When Sunset Glenoaks is complete, Hudson Pacific and Blackstones Sunset Studios brand will have 42 soundstages. A rendering of a soundstage at the planned Sunset Glenoaks Studios in Sun Valley. The neighbors didnt like the plan, citing traffic and other objections, and the project got bogged down in years of costly litigation. In order to expand their studio platform joint venture, Hudson Pacific Properties and Blackstone (BX +0.3%) announced to develop Sunset Glenoaks Studios, a fully entitled, state-of-the-art . 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. 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. 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. Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. 10. 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? 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 . Kaiser Permanente plans to move 1,200 administrative jobs from . It would be called Echelon Studios and would replace a long-closed Sears store and parking lot on Santa Monica Boulevard west of the 101 Freeway. Sunset Glenoaks Studio project tilting concrete panels to form the walls of the building! 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. Hudson Pacific On Path to Develop Seven West Coast Studio and. 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. Sarah Butler. Sustainability and health and wellness are a priority. 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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