Giant Film Studio Development Planned for Toronto
Reading now: 153
hollywoodreporter.comToronto is taking offers from developers to turn a chunk of land on the city's waterfront into a 500,000 square foot film studio as demand by Hollywood for soundstages in Canada grows.
CreateTO, the city’s real estate agency, has tapped a real estate broker, Cushman & Wakefield, to accept offers to develop the Basin Media Hub on 8.9 acres along the city's waterfront.
Representatives at Cushman & Wakefield tell THR interest has been fielded from private equity funds, real estate investment trusts and studio operators and developers.
The property will be offered to a studio developer under a long-term lease, with the winning proposal to be designed, financed, constructed and opened within three years.
Read more on hollywoodreporter.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
