Hudson Pacific Properties and Blackstone have unveiled plans to build a studio facility, Sunset Glenoaks Studios, in Sun Valley, California.
The studio facility will be part of the Sunset Studios brand family which includes three existing studios in Hollywood—Sunset Gower Studios, Sunset Bronson Studios and Sunset Las Palmas Studios—also jointly owned by Hudson Pacific and funds managed by Blackstone.
Sunset Glenoaks Studios, which will represent a total investment of approximately $170-190 million, is expected to be completed in the third quarter of 2023.
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. Seven film- and TV-ready sound stages will range from 15,000 to 21,000 square feet, all with 35- or 40-foot clear heights. Productions will benefit from nearly 120,000 square feet of highly efficient, stage-adjacent support space, as well as offices with hillside views, a large mill, and parking with approximately 450 parking stalls and generous truck loading.
Sunset Glenoaks’ design provides the technology infrastructure to future-proof this modern studio, including 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 production-level internet.
In addition to providing on-lot EV charging stations, bike parking, showers, lockers and wellness programming, Sunset Glenoaks will target LEED certification, and operations will be 100% carbon neutral with advanced waste, water and energy use reduction programs.
“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 we’ve identified for expansion,” said Victor Coleman, Chairman and CEO of Hudson Pacific. “We are leveraging our development and studio operations expertise to further expand Sunset Studios’ facilities here in Los Angeles, where demand from leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply.”
Jacob Werner, Blackstone Real Estate Senior Managing Director, said, “We couldn’t be more excited to bring the first large-scale studio development in the last 20 years to Los Angeles. 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. This development is another important example of our strong partnership with Hudson Pacific as we expand our studio platform joint venture to uncover and capitalize on unique opportunities in the space.”
Located at 11070 W. Peoria Street, Sunset Glenoaks is a 20-minute drive from Hollywood and 10 minutes from Burbank, where Disney, NBC Universal and Warner Brothers are headquartered. Other entertainment companies in the market include Nickelodeon Animation, Legendary Entertainment, Sega Games and more recently, Netflix, as well as numerous production services companies. The Burbank-adjacent location is also highly accessible to the many television and film crew professionals living in the greater San Fernando Valley.
Upon the completion of Sunset Glenoaks, the joint venture 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 facilities.
The partnership is also actively pursuing further expansion opportunities in Los Angeles, New York, London and Vancouver.