BARDAS and Bain Capital Real Estate to develop $600m studio campus in Hollywood
BARDAS Investment Group and Bain Capital Real Estate have plans for the $600 million redevelopment of the former Television Center at 6311 Romaine St. in the heart of Hollywood, Calif., through the firms’ joint venture.
The project will create a contemporary, creative office environment and a state-of-the-art production facility that will transform the aging asset into a modern, approximately 620,000-square-foot urban studio campus, which will be rebranded as Echelon Television Center.
The 6.4-acre property, which once served as Technicolor’s headquarters as well as the studio lot for Metro Pictures Corp., is one of the largest development sites in Hollywood. Spanning two city blocks, it is bordered by Santa Monica Boulevard to the north, Cahuenga Boulevard to the east, Willoughby Avenue to the south and Cole Avenue to the west. The existing facility, developed between 1930 and 1966, currently offers approximately 183,000 square feet of office and studio space. The