Hudson Pacific and Blackstone add a fourth project to their Sunset Studios family, revealing plans to build Sunset Glenoaks Studios amid a booming audio stage development market.
The state-of-the-art, purpose-built Sun Valley location is located at 11070 W. Peoria Street, a 20-minute drive from Hollywood and 10 minutes from Burbank. It will cover 240,000 square meters on over 10 hectares and be equipped with seven sound stages. Construction is expected to be completed in the third quarter of 2023 and the cost will be between $ 170 million and $ 190 million.
The Sunset Studios brand already includes three existing studios in Hollywood – Sunset Gower Studios, Sunset Bronson Studios and Sunset Las Palmas Studios – which are also jointly owned by Hudson Pacific and funds managed by Blackstone in a deal announced a year ago . These three have 35 sound stages (1.2 million square feet).
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Sunset Glenoaks’ film- and TV-ready stages will range from 15,000 to 21,000 square feet, all with clear heights of 35 to 40 feet. The plan is to provide 120,000 square meters of support area close to the stage, offices with a view of the hills, a large mill (area where productions can build sets), 450 parking spaces and a large truck load.
The design of Sunset Glenoaks includes the possibility of taking photos on a virtual stage; a state-of-the-art power grid for LED lighting; and high-speed fiber connectivity with scalable internet.
The partners said the operation will prioritize sustainability, health and wellness, including charging points for electric vehicles, bicycle parking and showers, and will be 100% carbon neutral.
Victor Coleman, Chairman-CEO of Hudson Pacific, called Sunset Glenoaks “a perfect example of our long-term strategy with Blackstone to buy and remodel existing facilities and build new, state-of-the-art studios in Los Angeles and other state-of-the-art studios. priority production markets that we have identified for expansion. ”
He noticed that The demand in LA from leading content creators for world-class, fully integrated sound stages and support areas continues to significantly exceed supply.
Jacob Werner, senior managing director of Blackstone Real Estate, said Sunset Oaks is the one first major studio development in the city in the last 20 years. “This investment reflects both our strong belief in content creation, a space that benefits from strong, secular tailwinds, and our long-term commitment to the Los Angeles market. “