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Cinespace Studios in Chicago has 33 stages, with 15 more under development. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. newsletter here. Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. News about Cinespace Chicago | Cook County Record media@tpg.com The Chicago studio opened in 2010. TPGs purchase of Cinespace is not an outlier, but part of a larger trend, thanks to a nationwide shortage of available stage space due to the onslaught of projects demanded by streaming services. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace Force will follow Tommy Egan (Joseph Sikora) as he turns his back on New York and heads to Los Angeles through Chicago to take on the Irish mob. The story centers around four 12-year-old girls who deliver newspapers. Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. We have been studying the content creation and production landscape as an investment theme for a few years, and in that time have developed a relationship with the family behind Cinespace. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. Netflix launching a production hub in Toronto by locking up eight soundstages four each at Pinewood Toronto Studios and Cinespace Film Studios in turn sparked a local space race by Hollywood streaming giants scrambling for soundstages on which to create new high-quality film and TV content. In Chicago, Cinespace Chicago Film Studios virtually rose up out of an abandoned steel mill. Cinespace Chicago Film Studios Being Sold For $1 Billion Austin, Garfield Park, North Lawndale Cinespace Chicago Film Studios Being Sold For $1 Billion The film studio's sale is expected to accelerate the growth of Chicago's film industry and bring more production jobs to the area, new owners said. Consumer appetite for original content is a growing secular trend that has accelerated through the pandemic, leading to a dramatic increase in the demand to produce new films and television and in turn, a surge in the need for studio space, said Avi Banyasz, Partner and Co-Head of TPG Real Estate. Jane Williamson joins Cinespace as Head of Studio Operations Terms of the deal, and the purchase price, were not mentioned in the release. Your pleasant demeanor, warm smiles, and bigger-than-life personality will be sorely missed on campus. I am thrilled to see this acquisition expand our capability for content creation and look forward to the jobs and production it will bring to our region.. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. During the waning days of Gov. The film operation at The Fields would be a smaller version of the Cinespace Chicago Film Studios campus on the West Side, where TV shows and movies are filmed and produced. Skoronski is productive: in three seasons as Northwesterns starting left tackle, he allowed just five sacks in 2,364 snaps. Heres How to See the Dazzling Duo, Vallas and Johnson Headed to Chicago Mayoral Runoff, Lightfoot Denied Second Term, Indicted Ald. Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. 24th Ward candidates headed to April runoff - Austin Weekly News TPGs investment will expand these efforts and provide more jobs for Illinois, one of the many reasons why we feel they are the right fit to take on the business.. Cinespace Chicago Film Studios Being Sold For $1 Billion The studio recently announced it will add up to 19 more soundstages to its campus, about 50 percent more than the studio already has. TPG Real Estate Acquired Cinespace Studios In Chicago And - Deadline Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. As production begin to ramp back up the studio continues to strictly follow health and safetybest practices from the CDC andIllinois Guidance. Cinespace Chicago adds 100K sq. ft. of production space as filming Much Shelist P.C. Jones Lang Lasalle served as financial advisor to TREP. Leslie Shribman and Courtney Power One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. Cinespace Chicago Film Studios has been home to NBCs Chicago Fire, Chicago Med and Chicago P.D. When current Illinois Film Office director Peter Hawley was appointed two years ago, he talked about the need for more soundstage space. Consumer appetite for original content has accelerated through the pandemic, leading to a dramatic increase in the demand to produce new films and television and in turn, a surge in the need for studio space, Bantasz said. Our Locations Cinespace Chicago Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. Contact Heather Cherone:@HeatherCherone| (773) 569-1863 |[emailprotected]. Industry veteran Eoin Egan, who most recently was head of production services at Netflix, will join Cinespace as chief operating officer and a co-managing partner. Sign up for our free elert here. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed O'Neill will star in the sci-fi drama. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. You can accept the use of cookies or other identifiers by closing or clicking the accept button. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . Pascal Sabino 1:39 PM CST on Nov 12, 2021 Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. What to eat. Every dime we make fundsreportingfrom Chicagos neighborhoods. 3.6 million square feet. Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 In addition to film production, the campus is home to Stage 18 Chicago, a 501(c) 3 organization and incubator established to retain and grow talent in Chicago. Federal authorities made secret recordings at Cinespace Chicago Film Studios as part of an investigation into a Teamsters union boss who last month was charged with extorting the business, the . As part of Cinespace's commitment to the neighborhood, the family established CineCares Foundation to train and employ area residents through education and job training in TV & Film. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. Cinespace Chicago Film Studios sprawling 60-acre campus is located on the West Side, with the main studios at 2621 W. 15th Place in North Lawndale. Cinespace furthers their vision to build a premier global production Cinespace is up and rolling with 4 new series and more Reel Chicago News A judge ordered Steven Montano, 18, to be held without bail at a Friday hearing as he faces a murder charge in the slaying of officer Andrs Mauricio Vsquez Lasso. Your fullest creative potential. I want to thank TPG for their commitment and investment in Toronto and the future of Cinespace. Cinespace Chicago specializes in . Ashlee Rezin Garcia / Sun-Times Alexander S. Pissios, president of Chicago's largest movie studio, had gone bankrupt but was still more than $1 million in debt when federal agents showed up three years ago. Power Book IV: Force, the third spin-off of the popular Starz Power series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. The deal will also expand Cinespaces social impact work in Chicago by growing the CineCares Foundation, the film studios nonprofit wing. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. TPG is bullish on the Chicago film scene as well. Forceis set on Chicagos South Side and stars Chicago Northwest Side native Joseph Sikora and also welcomes Anthony Fleming (Prison Break) and Lucien Cambric (Chicago PD) to the show. Egan and Gee are accomplished executives who have significant experience building and scaling businesses. Having Chicago as acritical link to providing not only quality entertainment, but also good-paying jobs in our community makes all the extra effort to help production companies keep filming worth it.. Returning series filming at the Chicago campus include Chicago Fire, Season 9; Chicago P.D., Season 8; Chicago Med, Season 6; and The Chi, Season 4; South Side, Season 2; and The Big Leap.