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Architect Will Alsop reveals next development phase of FILMPORT
Friday August 10th 2007Toronto – Architect Will Alsop, renowned creator of the elevated polka-dotted Ontario College of Art and Design, will design the first commercial office building for a new film and media centre in Toronto. Working with local architect Quadrangle, the sleek building, with its red exterior and curved form, will be FILMPORT’s first commercial building, an 11-storey office tower, film studio and event space.
"There’s a whole bunch of great things going on in the Port Lands and we’re pretty happy about it," said Jeff Steiner, the president and chief executive of the Toronto Economic Development Corporation (TEDCO), which owns much of the land in the area.
When it is complete, Filmport, which is financed by multiple shareholders including Comweb Corporation and the Rose Corporation, will be the largest complex of film studios, sound stages and post-production facilities in North America outside of Los Angeles.
Together, the shareholders will invest over $30 million of equity capital in the venture.
Conventional construction-to-permanent debt financing will make up the balance of capital for the $60 million Phase 1 Complex. Lytton Financial Inc. acted as exclusive advisor to TFS with respect to the financing of FILMPORT.
Construction is already underway on the $700-million project. The first sound stages are expected to open next spring. FILMPORT will comprise 550,000 square feet of production offices and sound stages, including the mega-stage which will cover a massive 45,500 square feet, more than an acre of column-free space.
Front Page, Industry News
Architect Will Alsop reveals next development phase of FILMPORT
Friday August 10th 2007Toronto – Architect Will Alsop, renowned creator of the elevated polka-dotted Ontario College of Art and Design, will design the first commercial office building for a new film and media centre in Toronto. Working with local architect Quadrangle, the sleek building, with its red exterior and curved form, will be FILMPORT’s first commercial building, an 11-storey office tower, film studio and event space.
"There’s a whole bunch of great things going on in the Port Lands and we’re pretty happy about it," said Jeff Steiner, the president and chief executive of the Toronto Economic Development Corporation (TEDCO), which owns much of the land in the area.
When it is complete, Filmport, which is financed by multiple shareholders including Comweb Corporation and the Rose Corporation, will be the largest complex of film studios, sound stages and post-production facilities in North America outside of Los Angeles.
Together, the shareholders will invest over $30 million of equity capital in the venture.
Conventional construction-to-permanent debt financing will make up the balance of capital for the $60 million Phase 1 Complex. Lytton Financial Inc. acted as exclusive advisor to TFS with respect to the financing of FILMPORT.
Construction is already underway on the $700-million project. The first sound stages are expected to open next spring. FILMPORT will comprise 550,000 square feet of production offices and sound stages, including the mega-stage which will cover a massive 45,500 square feet, more than an acre of column-free space.
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Front Page, Industry News
Architect Will Alsop reveals next development phase of FILMPORT
Friday August 10th 2007Toronto – Architect Will Alsop, renowned creator of the elevated polka-dotted Ontario College of Art and Design, will design the first commercial office building for a new film and media centre in Toronto. Working with local architect Quadrangle, the sleek building, with its red exterior and curved form, will be FILMPORT’s first commercial building, an 11-storey office tower, film studio and event space.
"There’s a whole bunch of great things going on in the Port Lands and we’re pretty happy about it," said Jeff Steiner, the president and chief executive of the Toronto Economic Development Corporation (TEDCO), which owns much of the land in the area.
When it is complete, Filmport, which is financed by multiple shareholders including Comweb Corporation and the Rose Corporation, will be the largest complex of film studios, sound stages and post-production facilities in North America outside of Los Angeles.
Together, the shareholders will invest over $30 million of equity capital in the venture.
Conventional construction-to-permanent debt financing will make up the balance of capital for the $60 million Phase 1 Complex. Lytton Financial Inc. acted as exclusive advisor to TFS with respect to the financing of FILMPORT.
Construction is already underway on the $700-million project. The first sound stages are expected to open next spring. FILMPORT will comprise 550,000 square feet of production offices and sound stages, including the mega-stage which will cover a massive 45,500 square feet, more than an acre of column-free space.
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