Los Angeles Rams proprietor Stan Kroenke, in partnership with Wilson Meany, plans a serious manufacturing facility and movie studio on the 300-acre Hollywood Park in Inglewood, Calif. The event’s first part, dubbed Hollywood Park Studios, will embody 5 soundstages and 80,000 sq. toes of assist workplace house.
Development will start later this month. Gensler is the lead architect, whereas Clayco serves as common contractor and Pacific Edge as mission supervisor. Guggenheim Investments organized financing.
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The manufacturing amenities will come on-line forward of the 2028 Olympics and Paralympics that may happen in Los Angeles. Hollywood Park Studios’ first use might be because the Worldwide Broadcast Middle for the media shops masking the Video games. Afterward, the specialised house might be leased to TV and movie manufacturing firms.
Plans additionally name for mill amenities for the prefabrication of units, an open base camp zone (the place vehicles and trailers are parked) and a tall-bay storage that may accommodate as many as 60 trailers.
There’s house at Hollywood Park Studios for enlargement, ought to the demand be there. The location may present for as many as 20 extra soundstages, which might be build-to-suit house. Some 200,000 sq. toes of extra workplace house to assist the productions may be constructed.
A part of Hollywood Park
The plan is the most recent for the multi-year mixed-use improvement underway on the positioning of the demolished Hollywood Park Racetrack. The primary institution to open on the improvement, in 2016, was Hollywood Park On line casino.
The park’s centerpiece is the 70,240-seat SoFi Stadium, dwelling of the LA Rams and LA Chargers, which opened in late 2020. Extra not too long ago the stadium hosted Tremendous Bowl LVI and WrestleMania; World Cup soccer video games might be held there subsequent yr. The 6,000-seat YouTube Theater can be a part of the mission.
“The imaginative and prescient for Hollywood Park has all the time been to construct a metropolis inside a metropolis,” Kroenke mentioned in an announcement. Upon the mission’s supply, Kroenke and Wilson Meany may have accomplished as a lot as 5 million sq. toes of workplace house, a 300-room resort, almost 900,000 sq. toes of retail house and as many as 2,500 residential models.
SoCal soundstage biz swoons
The event announcement comes at a time of slumping demand for soundstages in southern California. From 2016 to 2022, regional soundstage occupancy ranges held, on common, above 90 %, in response to FilmLA, the official movie workplace for the Metropolis and County of Los Angeles and different native jurisdictions. In 2023, demand cratered and common regional studio occupancy declined to 69 %. In 2024, occupancy was a mean 63 %.
In 2023, a complete of 1,225 tasks have been filmed within the 477 soundstages included in FilmLA’s evaluation. These tasks generated 8,671 Stage Shoot Days, which is fewer than any earlier interval besides 2020. Episodic tv sequence represented solely 20 % of all manufacturing in LA, whereas in earlier years it represented 30 %.
Employment within the sector contracted by 0.9 % throughout 2024, in response to the Otis Faculty 2025 Report on the Artistic Economic system, which tracks California’s inventive economic system. Even so, California stays the nationwide chief of the sector, which instantly employs 5 % of the state’s workforce.
