Hackman Capital Partners (Hcp) and its affiliate the Mbs Group have won the request to build a major new $250 million studio complex in Toronto, a project that marks the most significant investment in the production industry in more than two decades, the city said Wednesday.
The Basin Media Hub, named for its Basin Street location, will sit on 8.9 acres in the provincial capital’s waterfront Port Lands. It will provide up to 500,000 square feet of film, TV and digital media studio space and production offices, including eight purpose-built sound stages as well as workshop and production support spaces. Hcp-Mbs will also work with the city to create a public promenade along the waterfront to further reinvigorate the environs.
“With production value [in Toronto] on track to hit a record high in 2022, surpassing [the 2019 record high of] $2.2 billion, the industry needs this future state-of-the-art media hub to meet the growing demand for space and Toronto talent,...
The Basin Media Hub, named for its Basin Street location, will sit on 8.9 acres in the provincial capital’s waterfront Port Lands. It will provide up to 500,000 square feet of film, TV and digital media studio space and production offices, including eight purpose-built sound stages as well as workshop and production support spaces. Hcp-Mbs will also work with the city to create a public promenade along the waterfront to further reinvigorate the environs.
“With production value [in Toronto] on track to hit a record high in 2022, surpassing [the 2019 record high of] $2.2 billion, the industry needs this future state-of-the-art media hub to meet the growing demand for space and Toronto talent,...
- 11/17/2021
- by Rebecca Davis
- Variety Film + TV
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