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Cinespace sells studio land to General Motors
Thursday April 21st 2016One of Canada’s largest film studios has sold its east Toronto property to a major automaker.
Cinespace Film Studios has sold its Eastern Ave. facility to General Motors of Canada, film studio vice-president Jim Mirkopoulos confirmed Monday.
The studio hopes to move its east Toronto operations to city-owned property on the nearby Port Lands, he said. The move would not take place for a year, giving current clients time to finish production.
General Motors issued a news release late Monday confirming its plans for the facility, after repeated calls for comment were ignored earlier in the day.
The Toronto GM Mobility Campus would be a multi-use facility including office space, research and development facilities and a car dealership, the release said.
The neighbourhood has been a hotbed of redevelopment controversy since SmartCentres first proposed building a shopping centre, including a Walmart, on Eastern Ave. Toronto fought the plan and won at the Ontario Municipal Board. SmartCentres has since come back with a different proposal.
Councillor Paula Fletcher, who represents the ward, said in the GM release that she welcomed its proposal.
“This is a major investment in our community by GM. We have fought long and hard for good jobs in our community and this will attract engineering, professional, high-paying jobs to this campus. It will also be a leading centre for green transportation and will allow the current film studio to be relocated from this site to bigger, better production facilities in the east end,” Fletcher’s statement said.
Cinespace is moving out of its long-time premises at 721 Eastern Ave. in part because of the number of projects slated for the area, Mirkopoulos said.
“The entire Eastern Ave.-Booth Ave.-Lake Shore corridor has a number of redevelopment projects happening. Clearly, we can’t have heavy construction next to TV activity,” he said.
The Eastern Ave. studio, one of three the company owns, has produced Heroes: Reborn, Rogue, Killjoys and Bitten, among other titles.
The company has previously complained that rival Pinewood Studios received preferential treatment from the city when it moved out of its premises at 629 Eastern Ave., now the site of the SmartCentres development.
Cinespace also has a large production facility in the west end, on Kipling Ave. But at least half its clients prefer the eastern location because it’s closer to downtown, he said.
Source: Toronto Star
Front Page, Headline, Industry News
Cinespace sells studio land to General Motors
Thursday April 21st 2016One of Canada’s largest film studios has sold its east Toronto property to a major automaker.
Cinespace Film Studios has sold its Eastern Ave. facility to General Motors of Canada, film studio vice-president Jim Mirkopoulos confirmed Monday.
The studio hopes to move its east Toronto operations to city-owned property on the nearby Port Lands, he said. The move would not take place for a year, giving current clients time to finish production.
General Motors issued a news release late Monday confirming its plans for the facility, after repeated calls for comment were ignored earlier in the day.
The Toronto GM Mobility Campus would be a multi-use facility including office space, research and development facilities and a car dealership, the release said.
The neighbourhood has been a hotbed of redevelopment controversy since SmartCentres first proposed building a shopping centre, including a Walmart, on Eastern Ave. Toronto fought the plan and won at the Ontario Municipal Board. SmartCentres has since come back with a different proposal.
Councillor Paula Fletcher, who represents the ward, said in the GM release that she welcomed its proposal.
“This is a major investment in our community by GM. We have fought long and hard for good jobs in our community and this will attract engineering, professional, high-paying jobs to this campus. It will also be a leading centre for green transportation and will allow the current film studio to be relocated from this site to bigger, better production facilities in the east end,” Fletcher’s statement said.
Cinespace is moving out of its long-time premises at 721 Eastern Ave. in part because of the number of projects slated for the area, Mirkopoulos said.
“The entire Eastern Ave.-Booth Ave.-Lake Shore corridor has a number of redevelopment projects happening. Clearly, we can’t have heavy construction next to TV activity,” he said.
The Eastern Ave. studio, one of three the company owns, has produced Heroes: Reborn, Rogue, Killjoys and Bitten, among other titles.
The company has previously complained that rival Pinewood Studios received preferential treatment from the city when it moved out of its premises at 629 Eastern Ave., now the site of the SmartCentres development.
Cinespace also has a large production facility in the west end, on Kipling Ave. But at least half its clients prefer the eastern location because it’s closer to downtown, he said.
Source: Toronto Star
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Front Page, Headline, Industry News
Cinespace sells studio land to General Motors
Thursday April 21st 2016One of Canada’s largest film studios has sold its east Toronto property to a major automaker.
Cinespace Film Studios has sold its Eastern Ave. facility to General Motors of Canada, film studio vice-president Jim Mirkopoulos confirmed Monday.
The studio hopes to move its east Toronto operations to city-owned property on the nearby Port Lands, he said. The move would not take place for a year, giving current clients time to finish production.
General Motors issued a news release late Monday confirming its plans for the facility, after repeated calls for comment were ignored earlier in the day.
The Toronto GM Mobility Campus would be a multi-use facility including office space, research and development facilities and a car dealership, the release said.
The neighbourhood has been a hotbed of redevelopment controversy since SmartCentres first proposed building a shopping centre, including a Walmart, on Eastern Ave. Toronto fought the plan and won at the Ontario Municipal Board. SmartCentres has since come back with a different proposal.
Councillor Paula Fletcher, who represents the ward, said in the GM release that she welcomed its proposal.
“This is a major investment in our community by GM. We have fought long and hard for good jobs in our community and this will attract engineering, professional, high-paying jobs to this campus. It will also be a leading centre for green transportation and will allow the current film studio to be relocated from this site to bigger, better production facilities in the east end,” Fletcher’s statement said.
Cinespace is moving out of its long-time premises at 721 Eastern Ave. in part because of the number of projects slated for the area, Mirkopoulos said.
“The entire Eastern Ave.-Booth Ave.-Lake Shore corridor has a number of redevelopment projects happening. Clearly, we can’t have heavy construction next to TV activity,” he said.
The Eastern Ave. studio, one of three the company owns, has produced Heroes: Reborn, Rogue, Killjoys and Bitten, among other titles.
The company has previously complained that rival Pinewood Studios received preferential treatment from the city when it moved out of its premises at 629 Eastern Ave., now the site of the SmartCentres development.
Cinespace also has a large production facility in the west end, on Kipling Ave. But at least half its clients prefer the eastern location because it’s closer to downtown, he said.
Source: Toronto Star
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