Los Angeles real estate developer David Simon intends to build a $450-million independent studio in Hollywood with five soundstages and support facilities, including offices and bungalows for entertainment creators. The Times may extend its lease there into the 2030s. 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. 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. Interviews with multiple members of the “Rust” crew paint an hour- by-hour picture of a cascade of bad decisions that created a chaotic set on which a lead bullet was put into a prop gun. Its Sunset Glenoaks Studios is expected to be completed in late 2023 in an industrial district on Peoria Street near Glenoaks Boulevard.įor Subscribers The day Alec Baldwin shot Halyna Hutchins and Joel Souza Warner is selling the lot but will rent the redeveloped lot from entertainment real estate landlord Worthe Real Estate Group, which will own the lot with San Francisco investment firm Stockbridge.Ī new movie studio in the Sun Valley neighborhood of Los Angeles that will have seven soundstages was announced in July by Hudson Pacific Properties Inc., one of the country’s biggest studio operators. Ranch satellite studio in Burbank will be redeveloped with 16 new soundstages. 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. The Los Angeles area already ranks as the world’s leader in soundstage capacity with more than 5.2 million square feet of certified space, FilmLA data show.
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