• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Hackman’s $1.25B Television City project clears environmental hurdle

Hackman Capital Partners has cleared one of the tallest hurdles facing its $1.25 billion Television City project, clearing the way for the development’s full approval. 

The City of Los Angeles has certified a key environmental review, known as an environmental impact report, for the firm’s 25-acre project, according to a city Planning Department ruling. 

Television City, which sits opposite The Grove shopping center at 7800 Beverly Boulevard, will include about 1.74 million square feet of soundstages, offices and retail space. The firm had originally planned for an additional 150,000-square-foot, 15-story office tower, but cut that plan earlier this year. 

“There is an urgent need to jump-start film and television production in Los Angeles,” Hackman’s Zach Sokoloff, who is overseeing the development, said in a statement. 

Hackman bought the site, currently a CBS studio, for $750 million in 2019. A couple years later, the firm filed plans to redevelop and renovate the studio. 

Hackman filed its draft environmental review in July 2022, triggering backlash from neighbors including Rick Caruso’s The Grove and the Los Angeles Farmers Market. But ultimately, the developer scored approval from a neighborhood council. 

The final review was released in November 2023.

With a certified environmental impact report, the city can now proceed with approving and entitling the project or suggesting an alternative that fits within the review’s boundaries. 

The final environmental review found that the project would have “less than significant” impact on emissions during both construction and operations, and no impacts to the “aesthetic” of the area. 

The certification can still be appealed before June 7, according to the planning document. 

The post Hackman’s $1.25B Television City project clears environmental hurdle appeared first on The Real Deal.

Powered by WPeMatico

  • 29 May 2024
  • The Real Deal
  • Uncategorized
  •  Like
LaTerra beats appeal against apartment project in Marina Del Rey →← California Assembly passes bill to cut confusion around builder’s remedy
  • Recent Posts

    • Mayor Karen Bass blasts everyone but herself for wildfire mishandling May 7, 2025
    • WEA, Beverly Hills Estates cut deal on $27M Malibu Colony home May 7, 2025
    • Oil firm eyes homes, hotel near Bolsa Chica wetlands in Huntington Beach May 7, 2025
    • Bankrupt Rite Aid to market 1.3K stores, including dozens in LA County May 7, 2025
    • Carolwood flexes with new LA pocket listings portal, boasting $1B+ in inventory May 7, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM