Toronto’s reputation as Hollywood North continues to grow with the announcement of a huge new “state-of-the-art” film and television studio planned for Downsview.
Last week, the Public Sector Pension Investment Board announced it signed a deal with a real estate investment group Hackman Capital Partners for a long-term lease at Downsview Airport Lands in North York.
“With surging demand for entertainment content and demonstrating its confidence in the industry as a source of growth and value, PSP Investments is committed to content creation and the film and television production sector,” the company said in a press release.
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Michael Hackman, CEO of Hackman Capital Partners said the long-term plan, which is subject to City approval, envisions more than 1 million sq feet of production and support space, with soundstages ranging from 20,000 sq feet to 80,000 sq feet.
Hackman said the goal is to create jobs and bolster local creative sector investments “while reaffirming the city’s stature as one of the world’s leading destinations for film and television production.”
Many of Toronto’s streets often serve as the background for TV shows and movies and studio production has grown considerably over the last few years.
In 2019, Netflix announced it was opening a dedicated production hub in Toronto to support its growing content library.