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Los Angeles

Last of The Lot: CIM Group starts work on final piece of Hollywood complex

Tenants at existing 2-building production studio complex include Showtime and Oprah Winfrey's OWN Network

CIM Group’s Shaul Kuba and a rendering of the Courtyard Building
CIM Group’s Shaul Kuba and a rendering of the Courtyard Building

Construction is set to begin on the third and final piece of CIM Group’s The Lot production studio complex in Hollywood.

The six-story Courtyard Building will include 98,000 square feet of office space with parking for 340 cars, according to Urbanize. The building joins the Formosa West building, completed a year ago and where Showtime signed a lease last January; and the Formosa South building at the Lot complex.

For the new construction, floor plates are as large as 17,000 square feet and ceiling heights of 12-½ feet, according to marketing materials. Each floor has floor-to-ceiling windows. CIM Group is expecting to wrap up development by the end of 2019. The complex is located on North Formosa Avenue.

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The Lot is designed to cater to media companies, with seven sound stages and an on-site production facility. There are film equipment rentals available on campus, as well as catering services and an on-site eatery.

Along with Showtime, tenants at the Lot include Oprah Winfrey’s OWN Network and Funny or Die, a production company owned by Will Ferrell.

Most of CIM’s development work is in Hollywood. Among a handful of other projects, the firm is developing a media production complex at 926 Sycamore Avenue in the neighborhood. In October, CIM filed for a permit with an expected construction cost of $15.9 million.

The firm recently ended up a lengthy court battle and re-approval process for its 22-story Sunset Gordon residential tower in Hollywood, which will allow it to re-open after four years vacant. [Urbanize] — Dennis Lynch 

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CIM GroupDevelopmentHollywood