Another Major Atlanta Film Studio is Headed to Atlanta
Georgia is quickly becoming the filmmaking capital of the world. With more and more movies and TV shows filming in the Atlanta area. Studios are filling up quicker and quicker making it harder for producers to find studio space for their next project. This is a pretty good problem for Georgia but, it is an extremely annoying one for movie and network studios.
Luckily, entrepreneurs are stepping up to fix the issue. According to Atlanta Business Journal, the Atlanta-based film and TV studio Mailing Avenue Stageworks is currently expanding.
From the bizjournals.com:
Stageworks’ partners Paul Raulet, John Raulet and Tyler Edgarton, who currently operate a small studio in Grant Park, are under contract to purchase a 119,200-square-foot warehouse, currently a Kawasaki distribution center, in mid-September.
Terms of the transaction were not disclosed, but comparable buildings in the Fulton Industrial area are selling for between $16 and $24 a square foot, according to market data. That means they could pay between $1.9 million and $2.9 million.
The new studio is nearly 7 acres in size and building will start in early 2015. The new studio will replace Kawasaki’s previous distribution plant, which was previously located in this part of Atlanta.
Kawasaki is scheduled to be completely moved out in three weeks, at which point Stageworks will begin converting the space into a studio. John Ralut said they are already showing the property to film and television projects, and he hopes to secure a tenant by October.
“We’re a little off in the timing,” he said. “If we were coming in in June or January we’d probably be able to jump in with a show right away, but it’s gotten so busy in Atlanta that cycle is starting to go away and people show up at all times of the year.”
This is great news for the ever expanding Georgia film industry, which plans to to double the number of productions by 2017 and increase their already 100,000 people employed by the Georgia Film industry.
Source: BizJournals
