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Industrial Complex Sees Lots of Action as an Entertainment Hub.


A 1960s-era industrial complex may seem an unlikely hot spot for Westside entertainment and new-media types, but the Lantana lantana (lăntā`nə): see verbena.
lantana

Any of more than 150 shrubs that make up the genus Lantana in the verbena family, native to the New World and African tropics.
 complex in Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries.  has become just that.

Fueled by the new $24 million lease signed by former Disney Studios chief Joe Roth's Revolution Studios, Lantana is undergoing a construction flurry Flurry

A drastic volume increase in a specific security.
 to accommodate demand.

In addition to the 61,000-square-foot structure being built for Revolution, there are two other new buildings being planned for the 12-acre property,

Already on the property are a 200,000-square-foot film and television production facility (which also houses the trendy L.A. Farm restaurant), and a 65,000-square-foot warehouse conversion that houses Imax Corp.'s Western regional headquarters and post-production facility.

"Lantana is so different, it's not your traditional real estate play," said Todd Later, director of marketing for Lantana, which is owned by developer Hines. "We're capitalizing on the success of a 10-year existing project."

Hines, traditionally a builder of high-rise towers, hopes to break ground on its proposed 64,000-square-foot and 152,000-square-foot buildings next year, after it obtains approvals from the city of Santa Monica. Both are being designed by architect Steven Ehrlich, who designed the Sony Music Entertainment Sony Music Entertainment is a major global record label controlled by the Sony Corporation. In 1988, Sony Corporation acquired CBS Records, Inc. for $2 billion. CBS Inc., now CBS Corporation, retained the rights to the CBS name, and Sony renamed the label  complex in Santa Monica and DreamWorks SKG's animation studios Animation studio can refer to:
  • a studio where animation is created—see the List of animation studios.
  • Any three dimensional software animation package such as 3ds Max, Blender 3D, Cinema 4D, Lightwave, Maya, Houdini, or XSI.
 in Glendale.

Lantana began its transformation in the late 1980s when Alex Winitsky and Arlene Sellers bought the nondescript non·de·script  
adj.
Lacking distinctive qualities; having no individual character or form: "This expression gave temporary meaning to a set of features otherwise nondescript" 
 property and redeveloped it into a production hub, in response to the growing need for informal, "just in time" production facilities away from the major studio lots.

Hines purchased the complex and five acres along Exposition Boulevard in August 1998 with an eye to creating an expanded entertainment and studio campus.

The post-production firm Todd-AO is an anchor tenant in the complex's main building, called Lantana Center. About 90,000 square feet of space there is reserved for month-to-month tenants, who can use editing equipment, a screening room and furnished fur·nish  
tr.v. fur·nished, fur·nish·ing, fur·nish·es
1. To equip with what is needed, especially to provide furniture for.

2.
 offices. That short-term space is pretty much always full, said Patricia Gilbert, Lantana's assistant project manager. Post-production work has been done there for such films and TV shows as "Saving Private Ryan," "The Sopranos" and "The Matrix."

"It's a one-stop production facility, a film hotel," Gilbert said.

And the action will likely get livelier once Revolution moves in, which is expected to occur next April.

Revolution received $250 million in equity financing Equity Financing

The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation.
 from Sony Pictures Entertainment, Starz Encore Group and Fox Entertainment Group, and will produce at least 36 films over the next six years.

"It will run its productions out of the space," said Mark Robinson Mark Robinson may refer to:
  • Mark Robinson (Royal Navy) (1722–1799), officer of the Royal Navy
  • Mark Robinson (Northern Ireland politician) (born 1959), Democratic Unionist Party member of the Northern Ireland Assembly 1998–2007
, one of three brokers at Julien J. Studley who represented Revolution in its lease. "The idea is to create an environment where producers, directors, talent, advertising and designers are flourishing in one environment, where an integrated group of people is operating."
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Article Details
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Author:HAYES, ELIZABETH
Publication:Los Angeles Business Journal
Article Type:Brief Article
Date:Aug 14, 2000
Words:462
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