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The studio will be remade with 926,000 square feet of new construction, including 16 soundstages with connected production support space, a 320,000-square-foot office complex, a commissary, a parking garage and a dedicated set- and prop-building space (known as a mill in industry jargon). The lot’s existing facilities, including five soundstages, offices and sets, will be replaced. is selling its satellite 32-acre lot as part of a previously announced deal but will lease it back from the new owners in 2025 after a more than $500-million makeover that will transform the lot in what will be one of the largest new studio developments in the country when it gets underway next year. Ranch in Burbank will be redeveloped with 16 new soundstages as demand for facilities to make movies and television shows spurs expansions by studio owners scrambling to serve soaring entertainment production in Southern California, writes Roger Vincent. According to the listing agents, Spaulding Square has a distinct lack of palm trees and a variety of other vegetation that give the streets a classic look, so filmmakers often shoot in the neighborhood to portray places outside Southern California.
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#Store house home combo city movie#
Surprisingly, the facade still looks similar to how it did in the movie green shingles still top the portico entry, but the bright-red front door has since been painted black.īuilt in 1919, the Dutch Colonial-style home was a natural choice for the film, which takes place in the fictitious town of Springwood, Ohio. It’s the first time the home has listed for sale since Lorene Scafaria - director of films such as “Seeking a Friend for the End of the World” and 2019’s “Hustlers” - bought it for $2.1 million in 2013.
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To match its spooky past, offers for the film-famous residence are due by midnight on Halloween. The home fictionally known as 1428 Elm St., which served as the facade for the protagonist’s house in Wes Craven’s 1984 classic, “A Nightmare on Elm Street,” has come to market for $3.25 million. While catching up on the latest, visit and like our Facebook page, where you can find real estate stories and updates throughout the week.Ī piece of horror movie history just surfaced for sale in Spaulding Square - but you’ll have to act fast. Ranch will be redeveloped with 16 new soundstages in an ambitious project that will bring 926,000 square feet of new construction. One couple picked up a place in Nebraska that was one-tenth the price of a typical house in Burbank - but as the world slowly returns to normal, will they stay?ĭid someone say Burbank? The San Fernando Valley city got huge news on the commercial front this week: Warner Bros. We also got a dispatch from the heartland from economy reporter Don Lee, who profiled families who had left big cities for Middle America during the pandemic. It’s still a seller’s market, but bidding wars are dwindling as some burned-out buyers are giving up their search. Home prices rose to a record $688,500 in September, but the 12.9% price appreciation compared to a year earlier was the smallest jump since January. New housing data dropped, and it painted a picture of a Southern California market that’s going from hot to simply warm. Coincidentally, it sits just down the street from a 16,000-square-foot spot that Lakers star LeBron James bought for $23 million in 2017. The week’s other notable listing arrived in Brentwood, where Lakers co-owner Jesse Buss, who serves as the team’s assistant general manager, is asking $10.95 million for a modern hillside mansion. The agents will be handing out candy to trick-or-treaters there on Halloween, but don’t wait until then if you want to make an offer. Hallowed in Halloween history, the Dutch Colonial-style abode famously served as the facade for the protagonist’s house in Wes Craven’s classic slasher flick “A Nightmare on Elm Street.” It surfaced for sale this week at $3.25 million alongside a spooky batch of listing photos that show Freddy Kreuger making himself at home in the two-story house. As cobwebs and skeletons adorn the porches of homes across California, one listing in Spaulding Square is getting into the Halloween spirit more than any other. Welcome back to the Real Estate newsletter.