Atlas Capital Group is the newest to extend what is now a generation-defining strip of headline-stealing deals and expansion projects for new production abilities in the top entertainment hub of the world.
The L.A. Times reported that Atlas, the owner of the L.A. Times’ printing plant in Downtown L.A., listed plans with the city to redevelop the newspaper’s place into a $650 million, “Hollywood-style” studio lot with 17 soundstages and 212,300 SF of offices.
The Times said its current contract on the printing plant finishes 2023, but it may be stretched to 2033. The studio project will rise around the plant until a second phase when the L.A. Times vacates, at which point it will also be changed into soundstages.
Atlas bought the 648,000 SF property at 2000 East 8th Street from Harridge Development Group for $241.2 million in 2019, as per property records.
The New York-based firm expects to start work in 2022 on the first side of the project, which would take about 2 years to complete.
Atlas also holds Row DTLA, which it is redeveloping into offices, restaurants, and retail near the Times printing plant, as well as creative office faculty in El Segundo, Calif.
