All rights reserved. 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. The reported sales price for Blackhall's Atlanta assets is $120 million. The studio also opened with a large building for special effects and set design, and a 30-acre backlot for . Each of these investment strategies reflects Commonwealths top-down macro-economic approach, carefully developed investment philosophy and contiguity to technological innovation. His Atlanta studio complex, launched in 2017, spans about 150 acres, according to the studios website, and a 2019 CNBC article referred to Blackhall Studios as the third largest in the state. 2 ba. The plans include a corporate rebranding. He added the initial study could be finished by the spring, depending on whats found during the preliminary review. The Project Applicant proposes to develop a full-service film and television studio campus on the Project Site that would consist of approximately 473,000 square feet of sound stages; approximately 561,500 square feet of workshops, warehouses, and support uses; approximately 221,000 square feet of production and administrative offices; and approximately 37,500 square feet of catering and other specialty services. According to Millsap, the Commonwealth Group will purchase the . 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. Santa Clarita in Los Angeles county has reported a blockbuster year of filming in the city in 2021, following Covid disruptions in 2020. saw The Master's University Mustang track teams break records as they moved on to the finals. Commonwealth focuses its investment activities within four main categories: Real Estate, Global Macro, Digital Assets and Opportunistic Growth. Following completion of the remaining development, the company will operate 18 stages in the London area. Currently the property hosts the Saugus Swap Meet at the site every Tuesday and Sunday. Consumer demand for premium film and TV content, coupled with the growing number of producers, has driven outsized demand for soundstage capacity. You can be the first one to leave a comment. The complex, located about 10 minutes south of downtown Atlanta, produces more than $500 million in content. SHARE THIS ARTICLE. Filming provides thousands of jobs locally and supports every segment of our local economy. 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. For more information, visit www.shadowboxstudios.com. Also, with all the open areas, lunch /crafty can set up anywhere. The development was approved in 2020, Nguyen said. Shadowbox is currently in the environmental impact review phase for its full-service film and television studio campus near the northeast corner of 13th and Arch streets in Newhall. Celebrate Mardi Gras at the Old Town Farmers Market Saturday, March 4 from 8:30 a.m. to 1 p.m. With a track record of successful community development in the Santa Clarita Valley, New Urban West, has announced its new agreement with the property owner of Whittaker-Bermite to plan and develop the site into a new, mixed-use village at the center of the City. The Los Angeles County Department of Public Health today confirmed 14 new deaths throughout L.A. County, 1,343 new cases countywide and 36 new cases in the Santa Clarita Valley. Room for exterior set builds. 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.. SCVTV is a tax-exempt 501(c)(3) nonprofit corporation. 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. 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 has nine large sound stages and is about to expand to become the largest movie film studio outside of China. City of Santa Clarita Community Development Department 23920 Valencia Boulevard, Suite 302 Santa Clarita, CA 91355 RE: Blackhall Studios Project - Notice of Preparation of an Environmental Impact Report (NOP) SCH # 2022030762 GTS # 07-LA-2022-03901 Dear Mike Marshall: 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.. Atlanta, GA June 14, 2022 Shadowbox Studios (Shadowbox), a premium operator of purpose-built soundstage facilities, today announced a strategic investment from Silver Lake, the global leader in technology investing. NOP - Notice of Preparation of a Draft EIR, Vacant site/Non Urban (NU5) and Mixed Use Neighborhood (MX-N)/Non-Urban Residential (NU5) and MX-N. 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. The new studio comes through an agreement with the nearby University of Reading, and will be built at Thames Valley Science Park. A representative from Shadowbox was not immediately available Wednesday. The Hollywood Reporter is a part of Penske Media Corporation. 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. *Assets estimated as of March 2022 and are inclusive of Commonwealth Asset Management LP, Commonwealth Asset Management Holdings LLC and its affiliates, constituting CWAM. Upon completion of this expansion, Shadowboxs footprint in Atlanta will total 31 soundstages and exceed two million square feet. 19158 Avenue Of The Oaks UNIT B, Santa Clarita, CA 91321. Millsap has been a big part of that growth, launching Blackhall Studios in 2007. We joined with Blackhall Studios Santa Clarita in celebrating the 2022 Oscars with a live Oscars viewing party held at The Old Town Junction in downtown Newhall. He plans to launch a new streaming service, Blackhall Americana, next year with original action-adventure content. Allison.McLarty@edelman.com, Commonwealth Millsap originally intended to call the company Valhalla Studios, but backed down after a legal challenge from Valhalla Entertainment, producers of The Walking Dead.. Santa Clarita received an application for a mixed-use, residential development to be located on the 40-acre Saugus property in October 2021, according to city senior planner Hai Nguyen, who. It's all the magic of downtown at a fraction of the cost, in a controlled environment. In his role as Chairman at Blackhall, Ryan oversees the long and short term strategy of the studios, staying involved on a daily basis to provide leadership and direction . The commercial portion is proposed as the Shadowbox Studios, which consists of six 11,000-square-foot sound stages and a parking structure.. It recently completed the initial phase of developing its facility in London, which is expected to be nearly one million square feet. 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. Following completion of the remaining development, the company will operate 18 stages in the London area. 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. Ginger Li Blackhall Studios joined Atlanta's film scene in early 2017, opening in Metro Atlanta with nine sound stages ranging in size from 20,000 to 40,000 square feet, including one that is the tallest in the state (ceiling height of 55 feet). Editors' Note: Deadline's Reopening Hollywood series focuses on the complicated effort to get the industry back on its feet while ensuring . Additional legal work was done by Farrer & Co. and King & Spalding. The proposed project would develop 310 two-story, singlefamily, detached homes, with related infrastructure, open space, trails, recreation, and landscape elements, on 93.56 acres of land in the Placerita Canyon area of Santa Clarita, CA. 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. Shadowbox currently operates soundstage campuses in Atlanta and the United Kingdom, with further active developments in the Atlanta, London, and Los Angeles metro areas. Bungalow 1300. Blackhall Studios / Master Case No. Shadowbox is conveniently located less than 10 miles from Atlanta-Hartsfield Jackson International Airport, with hourly flights to all major cities, and only 20 miles from DeKalb-Peachtree Airport, which accommodates private, luxury jets. All Rights Reserved. Shadowbox would build the commercial portion and Integral, which is hoping for approval to build its second housing development in Saugus, would be responsible for the housing portion. 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 . As climate disasters, blood donation needs and other emergencies upend lives, local community heroes are stepping up to care for one another. Georgias uncapped film and TV tax credit incentive program has transformed the state into a major production hub since it was created in 2006. Est. Blackhall Studios - Santa Clarita | Motion Picture & Television Studios HOLLYWOOD CHAMBER. The completed expansion of the studio will see it having an additional 22 new sound stages and an extra 1.2 million sq ft in space. California Film and Television tax credit program, Santa Clarita in Los Angeles county reports blockbuster year of filming. Shadowbox currently operates an 850,000 sq ft studio facility in Atlanta with nine sound stages that have housed Jungle Cruise, Godzilla: King of the Monsters, and Jumanji: The Next Level. The Swap Meets office is closed on Wednesday, per a number listed online for the market. The facility will exceed two million square feet and feature 31 soundstages upon completion of the expansion. Atlanta-based Blackhall Studios has unveiled plans to build a major studio complex for film and television productions in Reading in the UK. Immediately south of its existing Atlanta studio, the Platform is developing a 1.2MM square foot expansion on a 155-acre parcel. Blackhall Studios founder Ryan Millsap announced Wednesday morning he's sold the studio to a California based private equity firm. The County of Los Angeles Fire Department recently mailed the Annual 2023 Brush Clearance Notices to residents in Fire Hazard Severity Zones. You may also contact the OPR via email at state.clearinghouse@opr.ca.gov or via phone at (916) 445-0613. The review is not considered a project application. After 12 years of collaborative efforts within our community, the work of the Santa Clarita Valley Economic Development Corporation has never been more vital. To learn more about Database Works and our custom software solutions, please request a demo. 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. Shadowbox is an industry leading state-of-the-art independent studio platform. The review request also includes a parking structure with six stories above ground and two subterranean levels, for 1,765 spaces. 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. Over time, CWAM has found that this structure allows it to match capital with its underlying investments on a bespoke basis, reducing the typical constraints of duration, scale and return profile that are faced by most closedend investment vehicles. Join the Santa Clarita Valley Sheriff's Station for a morning of coffee Wednesday, March 15, between 9 a.m.-11 a.m., at Dicks Sporting Goods, 26591 Carl Boyer Drive, Santa Clarita, CA 91350. The Los Angeles County Department of Public Health confirmed Thursday no additional deaths and 29 new cases in the Santa Clarita Valley, with 16 additional deaths and 1,028 new cases countywide. The office buildings discussed would add about 200,000 square feet, and supporting warehouse buildings would include about a half-million square feet. Santa Clarita city planners recently received an application for a "one-stop review" for a movie studio complex in . Mini Bio (1) Ryan Millsap is the Chairman & CEO of Blackhall Studios and the Founder and CEO of Irinda Capital Management, LLC, which is transitioning to Blackhall Capital. Shadowboxs existing footprint consists of: Los Angeles Metro Area: Shadowbox is currently developing a 19 soundstage, approximately 1.3 million square foot purpose-built studio campus in Santa Clarita. The Los Angeles County Probation Oversight Commission is holding an emergency virtual meeting today, Feb. 28, starting at 1:30 p.m. London Metro Area: Shadowbox recently completed the initial 150,000 square foot phase of its nearly one million square foot Shinfield Studios project in the United Kingdom, which is fully leased to one of the worlds largest content creators. Hopefully the actual stages will be as far away from that as possible for hopefully obvious reasons. Silver Lakes portfolio companies collectively generate nearly $254 billion of revenue annually and employ approximately 557,000 people globally. 850 sqft. The (Riverview) project includes a subdivision into five lots/planning areas to include a total of 318 residential units and recreation amenities, according to an email from Jason Crawford, director of community development for the city of Santa Clarita. Staff; Board of Directors; Ambassadors; Business Improvement . A $500 million investment from. 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.. Blackhall Studios opened in 2017 and is one of the largest studio complexes in Georgia. Upon completion, the two phases will function as a single integrated campus totaling in excess of 2MM square feet. A . 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. 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. The Los Angeles County Department of Parks and Recreation, Castaic Lake State Recreation Area is hiring for cashier-clerk positions. 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. The County of Los Angeles Fire Department recently mailed the Annual 2023 Brush Clearance Notices to residents in Fire Hazard Severity Zones. Story Arc. For more information, visit www.shadowboxstudios.com. Blackhall . The Los Angeles County Department of Parks and Recreation, Castaic Lake State Recreation Area is hiring for cashier-clerk positions. Blackhall Studios (to be rebranded as Shadowbox Studios) in Atlanta. The applicant or property developer is The Weber Group, according to city planners. PressReader. The companys new investor is Silver Lake, the global private equity firm, which has agreed to put $500 million toward a $1.5 billion capital investment plan. Santa Clarita City Planners Reviewing Placerita Canyon Studio Project, March 15: Have Coffee With a Cop at Dicks Sporting Goods, March 4: Celebrate Mardi Gras at Old Town Newhall Farmers Market, Whittaker-Bermite Owner Partners with New Urban West to Develop Site, SCV Sheriffs Station OHV Grant Request Available for Public Review, Feb. 28: Emergency Virtual Meeting 1:30 p.m. Possible Camp Scott Impact, CNA Condemns Decision to Lift Mask, Vaccine Mandates in Health Care Settings, Friday COVID Roundup: County Records 14 Deaths, 1,343 New Cases, Civilian Oversight Panel Adopts Recommendations to Eradicate LASD Deputy Gangs, CDPH Updates COVID-19 Guidance, Health Orders, New Beehive Installed at Placerita Canyon Nature Center, Breaking Barriers Career Expo at Boys & Girls Club, Records Fall for TMU Athletes at NAIA Indoor Championship Finals, March 10: All Schools Dance at Magic Mountain, Mustangs Find Success at NAIA Swim Nationals, American Red Cross Announces March 2023 Monthlong Events, SCVi Now Recruiting Students for 2023-24 School Year, March 18: COC Hosting Discover Day for New, Potential Students, Monthly Message from City Manager March 2023 | One Story One City, March 11: LACoFDs Brush Inspection Educational Meeting for SCV Residents, Dr. Lisa Wong Appointed Director of L.A. Countys Mental Health Department, Thursday COVID Roundup: Resources to Remain After Emergency Orders End. Consumer demand for premium film and TV content, coupled with the growing number of producers, has driven outsized demand for soundstage capacity. Atlanta Phase I has nine soundstages ranging in size from 19,200 to 38,400 square feet with ceiling heights of 40 feet. Blackhall plans to invest 150m in . 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. 2 bds. Lee Wittlinger, a managing director of Silver Lake, and Chip Schroeder, a Silver Lake director, will join the Shadowbox board. 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. In addition, the firm maintains substantial coinvestment relationships with highnetworth family offices and large institutions that provide a rapidly scalable base of investable capital. 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. Shadowbox has grown rapidly since its founding just five years ago. Including these, the company will own and operate a portfolio of 68 soundstages and more than 4.2 million square feet of leasable area, making it one of the largest operators in the region. The move is part of California's attempts to keep up with the increase in demand of TV and film production in Hollywood.