Sunset Glenoaks is located at 11070 West Peoria Street in the Sun Valley neighborhood near Burbank. Sunset Gower Studios is a 14-acre (57,000m2) television and movie studio at the corner of Sunset Boulevard and Gower Street in Hollywood, California. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The project is estimated to cost between $180 million and $200 million. 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. The firms also announced the planned development in a news release. A rendering shows a planned movie studio, Sunset Glenoaks Studios, in the Sun Valley neighborhood of Los Angeles. demand in LA by leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply. By early 2020, Butler told the L.A. Times that construction had just gotten underway, and was expected to last 20 months. Sept. 1, 2022 11:12 AM PT. 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. It will feature seven soundstages on a 10-acre parcel at 11070 W. Peoria . We do not sell and will not sell any personal information. It will have seven soundstages, offices and other production facilities on 10 acres. ALL RIGHTS RESERVED. and a 30,000 s.f. 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. The consent submitted will only be used for data processing originating from this website. Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. Deadline is a part of Penske Media Corporation. For more information, please see ourprivacy policy. The lot, in the meantime, sat fallow. Hollywood's Sunset Studios, which produced La La Land, Zoolander and the first in the X-Men franchise, has become the latest US movie production house to adopt the leafy . A rendering of office space next to soundstages at Sunset Glenoaks Studios. 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. This year has also seen the first large-scale new construction studio project to break ground in Los Angeles in decades with Hudson Pacific Properties and Blackstone planning to build Sunset . Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. Hudson Pacific announced the deal in a quarterly earnings release on Wednesday, but did not disclose the lender. Liked by Lee Watkins. 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. 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 project to expand production at Television City comes as shortages keep the regions existing soundstages booked year-round. Last week, Gov. Advertisement. Seven film . . Continue with Recommended Cookies. Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. They appealed, and the appeal was denied in 2018. 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. 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. 2023 Deadline Hollywood, LLC. 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. The operator of Sunset Studios, Hudson Pacific Properties, has acquired Quixote Studios for $360 million, significantly expanding its footprint in the soundstage business. Hudson Pacific and Blackstone already own three facilities in Hollywood: Sunset Bronson, Sunset Gower and Sunset Las Palmas. It will have seven soundstages, offices and other production facilities on 10 acres. 1 Available. Hudson Pacific, Blackstone To Build Sunset Glenoaks; Partners' Fourth LA Studio Project Amid Spiking Demand For Sound Stages. Variety is a part of Penske Media Corporation. Drop us a Note: Developer Plans Larger Version Of 900-Plus-Unit Project Along L.A. State Historic Park, Kaiser Permanentes East Hollywood Expansion Design Takes Shape, Kitchen United Mix is Now Open in Santa Monica. On this Wikipedia the language links are at the top of the page across from the article title. With soundstages in short supply and production on the rise, a developer plans to build a new studio in Hollywood. New York-based RBC Real Estate Capital Partners provided the loan, property records show. In 2017, developer Hudson Pacific Properties submitted plans providing details of its new vision for Hollywood's landmark Sunset Gower Studios. Sunset Glenoaks will comprise approximately 240,000 square feet on over 10 acre s, making it the first large-scale, purpose-built studio development in Los Angeles in decades. 2023 Variety Media, LLC. 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. 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. One of the countrys biggest independent studio operators plans a new movie studio in the Sun Valley neighborhood of Los Angeles as demand for soundstages gears up in the region. HPP and Blackstone expect to finish Sunset Glenoaks Studios in the third quarter of 2023, according to the announcement. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint. Amid a production rise fueled by Hollywood's pivot to streaming, the need to lock in filming space is becoming more critical and a soundstage boom is overtaking the Southland, with . storage and mill shop for set and prop construction. Harry Cohn died in 1958 at the age of 66. 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. 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. . Its expected to be complete by the third quarter of 2023. 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. 1279 Sqft. One of "Sunset's best cabin getaways". It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. Home / Los Angeles, CA / 1267 St Ives Pl. A rendering of a soundstage at the planned Sunset Glenoaks Studios in Sun 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. A CERTIFIED LOS ANGELES SLB. 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. Sunset Boulevard adding storage area of 628,000 square feet (58,300m2). The property was home to a gravel mining operation until 1974, when it was filled in and left vacant. 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. National real estate investment companies Hudson Pacific Properties and Blackstone have plans to develop a 240,000-square-foot studio facility in Sun Valley, the duo announced late last month. What are you most curious about? A show stopper is this direct front 2nd floor residence. Construction of Sunset Glenoaks Studios is slated to begin this year. Seven film- and TV . The 240,000-square-foot state-of-the-art facility will include seven sound stages, production office and support space. 2. Large living room. 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. 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 facility will also include . RBC is one of many institutional lenders cashing in on studio development. Sunset Glenoaks Studios will cost between $170 million and $190 million and feature 240,000 square feet on more . (W)e do not believe that the project being entitled prior to the legislations signing would preclude Sunset Glenoaks tenants from benefiting from these new tax credits, said Jeff Stotland, senior vice president of global studios at Hudson Pacific, in a written response. The state-of-the-art, purpose-built location in Sun Valley is at 11070 W. Peoria Street, a 20-minute drive from Hollywood and ten minutes from Burbank. 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. Sunset Glenoaks Studios, which will represent a total investment of approximately $170 to 190 million, is expected to be completed in third quarter 2023. 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. storage and mill shop for set and prop construction. One of the "World's most romantic hotels". A rendering of the entrance to the planned Sunset Glenoaks Studios in the Sun Valley neighborhood of Los Angeles. The Los . That project will finally move forward under the ownership of one of the region's biggest owners and developers of production facilities. Have a question for 1267 St Ives Pl? provided the loan, property records show. That would make it much cheaper to shoot there than at pre-existing facilities.