Variety is a part of Penske Media Corporation. Bungalow 1300. Charlotte Jerbic The investment includes a capital commitment of $500 million that will support Shadowboxs growth strategy, including existing soundstage development projects in the Atlanta, London, and Los Angeles metro areas with over $1.5 billion of expected capital investment. Nine buildings, which would contain 19 sound stages, would be constructed in the central portion of the Project Site, south of Placerita Creek. Commonwealth Asset Management is a Los Angeles based investment management platform that manages approximately $1.7 billion in assets. A one-stop review is a preliminary process the city offers to anyone considering the proposal of a project in front of the Planning Commission, said Jason Crawford, economic development director for the city of Santa Clarita. The tax credits, along with record output of scripted content, has led major studios to shoot tentpole projects, including Black Panther: Wakanda Forever, Creed III and Tales of the Walking Dead, in Georgia. The Saugus Speedway property is probably as steeped in the SCVs historical cowboy Western tradition as any, according to information available on SCVHistory.com. For more information, please visit OPRs Accessibility Site. All rights reserved. The move is part of California's attempts to keep up with the increase in demand of TV and film production in Hollywood. The Santa Clarita Valley Sheriffs Station annual All Schools Dance is back for its 38th year and will be held Friday, March 10 from 7:30 p.m. to 11 p.m. at Six Flags Magic Mountain. Plans to develop the "largest purpose-built film studio" in the UK have been put forward in Reading. In 2017, Blackhall Studios opened a 165-acre complex with over 200,000 square feet of soundstage space as well as offices and rentable workshops. Silver Lake will partner with existing investor Commonwealth Asset Management, which remains the majority shareholder. The office buildings discussed would add about 200,000 square feet, and supporting warehouse buildings would include about a half-million square feet. The city of Santa Clarita accounted its success to their film incentive program, movie ranch overlay zone, low-cost permit fees and expedited permit processing, along with the California Film and Television tax credit program. Est. From the companys roots as a single site operator, we have worked with local communities in the Atlanta, London, and Los Angeles areas to develop more spaces where content creators can express themselves while also providing hundreds of jobs to local markets, said Adam Fisher, Founder and CEO of Commonwealth Asset Management and a Director of Shadowbox. The Santa Clarita Valley Sheriffs Station annual All Schools Dance is back for its 38th year and will be held Friday, March 10 from 7:30 p.m. to 11 p.m. at Six Flags Magic Mountain. Shadowboxs existing footprint consists of: Upon completion of these development projects, Shadowbox will own and operate a portfolio of 68 soundstages and over 4.2 million square feet of leasable area, making it one of the largest operators in the sector. Blackhall plans to invest 150m in . He added the initial study could be finished by the spring, depending on whats found during the preliminary review. A US movie studio group behind blockbusters including Venom, Jumanji and Godzilla is to build a 150m Hollywood-style production complex in Reading . . Bonelli, famous in his own right or infamous, depending on ones perspective, as he developed the first post-war tract of homes, also in Saugus, and later became known for his feud with the L.A. Times and then an indictment on corruption charges eventually introduced auto racing in the late-1930s. Atlanta Metro Area: Shadowbox currently operates an 850,000 square foot studio facility with nine soundstages in Atlanta, GA that has been home to blockbuster features such as Jumanji: The Next Level, Jungle Cruise and Godzilla: King of the Monsters. Shadowbox has made these amenities front and center. Santa Clarita city planners recently received an application for a one-stop review for a movie studio complex in Placerita Canyon, city officials confirmed Monday. With this additional funding, Shadowbox will be able to expand on its established portfolio and scale its offerings to meet the increasing demand for premium soundstages across the globe. Application filing will be held for one week and begins Friday, March 3 and will close on Thursday, March 9. Atlanta-based Blackhall Studios has unveiled plans to build a major studio complex for film and television productions in Reading in the UK. Millsap originally intended to call the company Valhalla Studios, but backed down after a legal challenge from Valhalla Entertainment, producers of The Walking Dead.. The announcement was made two months after Sky revealed its own plans for a new 14-stage site beside the current Elstree Studios in Hertfordshire in a boost for the creative economy. Last modified on Wed 19 Feb 2020 02.34 EST. Silver Lake will partner with existing investor Commonwealth Asset Management, which remains the majority shareholder. Read Also: Chris Larson Wiki, Biography, Age, Net Worth, Family, Instagram, Twitter, Social Profiles & More Facts Douglas James Hawkins Net Worth. "LA North Studios has unrivaled sound stages, studio and office space within the Los Angeles thirty-mile zone, that makes it the perfect location for the success of any television production. Disclaimer: The Governors Office of Planning and Research (OPR) accepts no responsibility for the content or accessibility of these documents. Latham & Watkins represented Silver Lake. The community is invited to attend a meeting on Thursday, April 21, 2022 starting at 6 p.m. at City Hall in the Century Conference Room located at 23920 Valencia Blvd. Additional legal work was done by Farrer & Co. and King & Spalding. The Santa Clarita Valley in total has more than 30 sound stages and 10 movie ranches, according to the citys Film Office figures from December. The Los Angeles County Department of Parks and Recreation, Castaic Lake State Recreation Area is hiring for cashier-clerk positions. It appears the Saugus Speedway, a Santa Clarita Valley fixture since the 1920s, may face its final checkered flag, if a pair of developers get their way. Our partnership with Silver Lake represents a major step forward for our Shadowbox platform, not only by providing significant growth capital for the business, but also by expanding our relationships in the entertainment and technology communities which are integral to Shadowboxs future.. According to the California Environmental Quality Act, the initial study determines which appropriate environmental study would come next, whether thats a negative declaration, a mitigated negative declaration or an environmental impact report, Nguyen said in a phone interview. Georgias uncapped film and TV tax credit incentive program has transformed the state into a major production hub since it was created in 2006. . As climate disasters, blood donation needs and other emergencies upend lives, local community heroes are stepping up to care for one another. Attached files are from the City of Santa Clarita announcing the Notice of Preparation for Blackhall Studios Draft EIR and the project's Initial Study (59 pages). Friends of Placerita Canyon Natural Area report a new beehive has been installed at the Placerita Canyon Nature Center, 19152 Placerita Canyon Road, Newhall, CA, 91321. Were pleased to offer some of the worlds top creative talent the space to bring characters and stories to life in premier soundstages backed by best-in-class production services.. An email to the company Monday night was not immediately returned. Latham & Watkins represented Silver Lake. Staff; Board of Directors; Ambassadors; Business Improvement . June 14, 2022 1:50pm The original Blackhall Studios in Atlanta Blackhall Studios Soundstage operator Shadowbox Studios announced a strategic $500 million investment from tech investor. Millsap has been a big part of that growth, launching Blackhall Studios in 2007. 2023 Media Business Insight. Team records fell and All-Americans were crowned for The Master's University on the first day of the NAIA Swimming & Diving National Championships in Columbus, Georgia. Blackhall Studios - Application received May 2021 - Proposed for an approximate 1.34M square foot television and movie studio campus - 487,000 sf of sound stages - 579,000 sf of supportive warehouses - 235,000 sf of office uses - 40,000 sf of catering and other specialty uses - Includes improvements to 13 th Street, Arch Street, and 12 th Street Filming provides thousands of jobs locally and supports every segment of our local economy. Founded in 2017, Shadowbox Studios (formerly Blackhall Studios) develops, owns, and operates state-of-the-art soundstages for film and media production, and provides a range of on-site support services for clients. On May 10, 2022, PCPOA sent a letter to the City of Santa Clarita in response to the Notice of Preparation of Draft Environmental Impact Report and Initial Study for the Proposed Blackhall Studios Project. Ginger.Li@silverlake.com, Allison McLarty Consumer demand for premium film and TV content, coupled with the growing number of producers, has driven outsized demand for soundstage capacity, said Lee Wittlinger, managing director at Silver Lake who joined Shadowboxs board with the investment. The first day of competition at the National Association of Intercollegiate Athletics Indoor National Championships on Thursday, March 2 in Brookings, S.D. Deutsche Bank, EY and Sidley Austin represented Shadowbox on the transaction. Celebrate Mardi Gras at the Old Town Farmers Market Saturday, March 4 from 8:30 a.m. to 1 p.m. California Film and Television tax credit program, Santa Clarita in Los Angeles county reports blockbuster year of filming. 2022 Shadowbox Studios. The idea is to give a property owner or developer information about any potential red flags in order to make designing a project in adherence to city and county regulations easier. Upon completion of these development projects, Shadowbox will own and operate a portfolio of 68 soundstages and over 4.2 million square feet of leasable area, making it . The stages are well designed also, enough separation for noise and traffic, close enough for quick company moves. The Hollywood-DeKalb County land swap debate has reached blockbuster proportions . The Signal is property of Paladin Multi-Media Group, Inc. Upon completion of these development projects, Shadowbox will own and operate a portfolio of 68 soundstages and over 4.2 million square feet of leasable area, making it one of the largest operators in the sector. Allison.McLarty@edelman.com, Commonwealth Silver Lake will partner with existing investor Commonwealth Asset Management, which remains the majority shareholder, for the investment. Our state-of-the-art facilities physically exist as shadowboxes where our clients can execute their artistic endeavors. There is a long runway for the growth of the overall industry, and we are thrilled to partner with Shadowbox to expand the companys service offerings and deliver premium soundstage facilities in the top global production markets.. Contact Info. Our partnership with Silver Lake represents a major step forward for our Shadowbox platform, not only by providing significant growth capital for the business, but also by expanding our relationships in the entertainment and technology communities which are integral to Shadowboxs future.. 23 days on Zillow. Lee Wittlinger, a managing director of Silver Lake, and Chip Schroeder, a Silver Lake director, will join the Shadowbox board. I always enjoy visiting our Santa Clarita Public Library Branches and seeing the wide-range of community members taking advantage of the resources, materials, books and services provided. 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Bobby Block | The Signal. Each of these investment strategies reflects Commonwealths top-down macro-economic approach, carefully developed investment philosophy and contiguity to technological innovation. The Los Angeles County Board of Supervisors voted unanimously to appoint Dr. Lisa H. Wong Director of Los Angeles County Department of Mental Health during its Board meeting Tuesday. Blackhall Studios is booming and ready to expand, but preservationists fear plans for Atlanta's greatest urban . Following completion of the remaining development, the company will operate 18 stages in the London area. The facility in Atlanta has hosted productions like "Jumanji: The Next Level," "Jungle Cruise" and '"Godzilla: King of the Monsters," and the company felt a footprint in Los Angeles was . $1.25B expansion. PressReader. Variety and the Flying V logos are trademarks of Variety Media, LLC. Shadowbox currently operates soundstage campuses in Atlanta and the United Kingdom, with further active developments in the Atlanta, London, and Los Angeles metro areas. College of the Canyons will hold Discover Day, an event that will give new and potential students the opportunity to explore program offerings and opportunities, on Saturday, March 18, from 9 a.m. to 1 p.m. Team records fell and All-Americans were crowned for The Master's University on the first day of the NAIA Swimming & Diving National Championships in Columbus, Georgia. Its our informal review process that allows someone to propose an idea, and we provide them feedback on that concept, before they fill out any sort of formal application, Crawford said. Other ancillary and specialty use buildings, including a catering building, gym building, and mechanical building with a substation, are located to the east and southeast of the main entrance at the intersection of Arch Street and 13th Street. The Los Angeles County Probation Oversight Commission is holding an emergency virtual meeting today, Feb. 28, starting at 1:30 p.m. In addition to providing real estate services to its clients, Shadowbox also provides productions with lighting and grip rentals through its wholly owned subsidiary, Lamp Dock, as well as other key on-lot services. From the companys roots as a single site operator, we have worked with local communities in the Atlanta, London, and Los Angeles areas to develop more spaces where content creators can express themselves while also providing hundreds of jobs to local markets, said Adam Fisher, Founder and CEO of Commonwealth Asset Management and a Director of Shadowbox. Hopefully the actual stages will be as far away from that as possible for hopefully obvious reasons. Mill space, wardrobe, set decoration/props and storage space total over 165,000 square feet on the Main Campus and nearly 400,000 square feet on East Campus. Integral received approval from Santa Clarita more than two years ago to build a maximum of 375 units on Bouquet Canyon Road just north of Plum Canyon, according to Nguyen. This one thats in front of us now is getting pretty far along, Crawford said. It was founded in 2012 and is stationed in Santa Clarita, California. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); City planners received a request to perform a preliminary review on plans for a 93-acre lot situated at the northeast intersection of 13th and Arch streets. Los Angeles Metro Area: In addition, Shadowbox is currently developing a 19 soundstage, approximately 1.3 million square foot purpose-built studio campus in Santa Clarita, CA. Upon completion of this expansion, Shadowboxs footprint in Atlanta will total 31 soundstages and exceed two million square feet. Diamond Baseball Holdings Announces Partnership with Silver Lake, Cegid Enters Into a Definitive Agreement to Combine With Grupo Primavera, Silver Lake Enters Into Definitive Agreement to Acquire a Majority Stake in Facile.it from EQT and Oakley Capital to Support Management in the Next Phase of Growth, Making Facile Italys Second Unicorn, New Zealand Rugby (NZR) Members Give Majority Approval for Partnership with Silver Lake at Special General Meeting, Genies Raises $150 Million Series C Led By Silver Lake At A $1 Billion Valuation To Build Avatar Ecosystem Tools For Web3. We chose Shadowbox to represent the company going forward as a symbol of both the physical and imagined spaces supported by our platform, added Peter Rumbold, Commonwealths Head of Real Estate and director of Shadowbox. We continue to be a film-friendly City and ensure our beautiful valley remains a top choice for productions now and well into the future.. The combination of Shadowboxs premier facilities in tier one production hubs and deep relationships across the production landscape allows the company to support the worlds top content producers as they grow their businesses, said Lee Wittlinger, Managing Director at Silver Lake, who has joined Shadowboxs board along with Silver Lake Director Chip Schroeder. Georgia's film industry has been torn on the controversial Heartbeat . Santa Clarita has also been further boosted by the announcement from Blackhall Studios that it is constructing a 1.34m square ft television and movie studio complex in the city, which includes 20 stages and is slated to open in 2024. The review is not considered a project application. A city official noted Wednesday its one of a number of discussions that have involved the historic tracks potential next use over the years, but also one that appears to be gaining traction. cj@cwamgroup.com, Internet Explorer presents a security risk. CWAM's investment philosophy is to pursue investments that capitalize on our unique capabilities and core values. Street Address: 901 Dove Street, Suite 270 City: Newport Beach Province/State: CA Additional legal work was done by Farrer & Co. and King & Spalding. Shadowbox currently operates soundstage campuses in Atlanta and the United Kingdom, with further active developments in the Atlanta, London, and Los Angeles metro areas. The investment includes a capital commitment of $500 million that will support Shadowboxs growth strategy, including existing soundstage development projects in the Atlanta, London, and Los Angeles metro areas with over $1.5 billion of expected capital investment. Blackhall, now known as Shadowbox Studios, a premium operator of purpose-built soundstage facilities, announced Tuesday a strategic investment from Silver Lake, the global leader in technology. Weber said the Santa Clarita move came from the head of Blackhall, which was the name of Shadowbox prior to a rebranding announcement last summer. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. I know theyre a real group and I know theyre hoping to cross the finish line.. The company formerly known as Blackhall Studios announced a new name and a new investor on Tuesday, as it pursues an ambitious construction agenda in Georgia, Los Angeles and the United Kingdom. Millsap sold the nine-soundstage Blackhall Studios campus in Atlanta, one of the state's largest film and television production facilities, to Los Angeles private equity firm Commonwealth Asset. Subscribe for full access to The Hollywood Reporter. The studio also opened with a large building for special effects and set design, and a 30-acre backlot for . Blackhall Studios - based in Atlanta, Georgia - said its first foray overseas and into the UK market would deliver "the largest purpose-built film studio and digital creative hub complex in the UK". Courtesy of Blackhall Studios Shadowbox Studios, formerly Blackhall Studios, is going all in on delivering. The County of Los Angeles Fire Department recently mailed the Annual 2023 Brush Clearance Notices to residents in Fire Hazard Severity Zones. Atlanta, GA 30316 (949) 955-3555. Blackhall Studios (to be rebranded as Shadowbox Studios) in Atlanta. By. Commonwealth Asset Management remains the majority shareholder. STANFLES REALTY. You can be the first one to leave a comment. The combination of Shadowboxs premier facilities in tier one production hubs and deep relationships across the production landscape allows the company to support the worlds top content producers as they grow their businesses, said Lee Wittlinger, Managing Director at Silver Lake, who has joined Shadowboxs board along with Silver Lake Director Chip Schroeder. He plans to launch a new streaming service, Blackhall Americana, next year with original action-adventure content. Blackhall which is controlled by California-based Commonwealth Real Estate LP would invest an estimated $380 million and bring more than 2,400 film- and production-related jobs to an area. There is a long runway for the growth of the overall industry, and we are thrilled to partner with Shadowbox to expand the companys service offerings and deliver premium soundstage facilities in the top global production markets.. US company Blackhall Studios and the University of Reading want to build the new 150m studios . Consumer demand for premium film and TV content, coupled with the growing number of producers, has driven outsized demand for soundstage capacity. Were pleased to offer some of the worlds top creative talent the space to bring characters and stories to life in premier soundstages backed by best-in-class production services.. 18756 Mandan St APT 1512, Santa Clarita, CA 91351. The Hollywood Reporter is a part of Penske Media Corporation. Santa Clarita 661-290-2991. In addition, a two-story support building would extend along the remaining portion of the western boundary (i.e., Railroad Avenue) of the Project Site, south of Placerita Creek. The soundstages, in terms of square footage, is about 610,000 square feet, according to Mike Marshall, associate planner for the city of Santa Clarita. Phone Number. Jan 11, 2022, 3:14 PM. Commonwealth also acquired 93 acres in Santa Clarita, California, where it could develop 1M SF. In a press release on Tuesday, Peter Rumbold, Commonwealths head of real estate, said the new name is intended to evoke the physical and imagined spaces supported by our platform., Our state-of-the-art facilities physically exist as shadowboxes where our clients can execute their artistic endeavors, he said. Silver Lake is a global technology investment firm, with more than $88 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Editors' Note: Deadline's Reopening Hollywood series focuses on the complicated effort to get the industry back on its feet while ensuring .