Culver Studios owners Hackman Capital Partners announced today the groundbreaking of a redevelopment project that will dramatically expand and “modernize” the property in downtown Culver City.
Hackman also announced that Amazon will lease more than 70 percent of the project for its production arm, Amazon Studios.
In a statement, Michael Hackman, the founder and CEO of Hackman Capital Partners called Amazon’s tenancy “the ultimate validation of all the hard work our company and [Culver City] have put into the campus’ redesign.”
The full Culver Studios redevelopment, referred to as the “innovation plan,” will grow the existing campus from roughly 358,000 square feet of studios and media production space to an over 720,850-square-foot complex with production space, sound stages, and offices designed by Gensler.
The studios, founded in 1918 by film producer Thomas Ince, are where classics like Gone with the Wind, Citizen Kane, and the original King Kong were produced.
In a nod to that history, the 1918-built Colonial-style mansion in the style of George Washington’s Mount Vernon estate and five bungalows dating to the early days of the studios will be preserved and incorporated into the future project.
New additions to the studio site will include five new office buildings and two new parking structures with over 1,900 parking spaces for studio workers. Amazon will lease four of the five new office buildings.
Amazon is putting down deep roots in Culver City. The online retail and media giant will occupy an impressive 530,000 square feet of the Culver Studios. (That’s almost double the amount of space that was previously announced.)
Amazon also has plans to move in across the street at another Hackman Capital property—the ground-up development called Culver Steps. There, Amazon has signed on to lease 75,000 square feet, or all the available office space in the project.
Another big name, Apple, is also setting up shop in Culver City. Apple is locked in to leasing a glassy building set to open in late 2019
Hackman Capital is also the buyer of the Fairfax landmark property CBS Television Studios. It’s not clear what Hackman’s plans for the massive property are.
Construction on the Culver Studios redevelopment is expected wrap up in early 2021.