Bain Capital, BARDAS to invest $450 million to develop new Los Angeles studio campus

Bain Capital Real Estate and BARDAS Investment Group have submitted plans to the City of Los Angeles to invest $450 million to develop Echelon Studios, a five-acre site at 5601 Santa Monica Blvd.

The new, urban studio campus will feature four 19,000-sq.-ft. sound stages, a 15,000-sq.-ft. flex stage, and a 90,000-sq.-ft. creative village of high-end bungalows uniquely located above the bustle of Hollywood.

The development project will also include 350,000 sq. ft. of creative space located within two mid-rise office buildings. Amenities will include select food and beverage, a central courtyard, shared specialized production space and collaboration areas. Outdoor decks, patios, and other exterior common areas will serve to maximize available square footage and create valuable filming and event space.