Canada’s largest film and television studio to be built in Metro Vancouver
Soon to be the largest film and television studio in Canada, construction is set to begin late this year on a new purpose-built facility in Burnaby in Metro Vancouver.
The facility is expected to be built on a 19-acre site with over 1 million square feet of total floor area. There are 21 soundstages planned to reach 340,000 square feet, a significant 330,000 square feet of space for wardrobes, production design and construction areas, and 150,000 square feet of production offices. 1.6 km of parking space will be available for filming trucks as well as parking for 1000 vehicles.
Bird Construction won the contract – estimated to be worth more than $200 million – to build the facility. The studio is expected to be ready for production in 2025.
Teri McKibbon, President and CEO of Bird Construction, said of the project, “We are very pleased to have the opportunity to deliver another important project for this client, as well as contribute to the growth and the prosperity of the community,
“This large-scale project leverages the proven execution experience of our team and contributes to the continued expansion of our portfolio of projects in the BC market, while continuing to strengthen our relationship with this client. for which we have executed a number of projects across Canada. ”
Real estate development during the pandemic
Although much of the world is facing rising inflation, market experts predict that the real estate development sector will be largely unaffected as it continues to grow in 2022.
According to the Vancouver Economic Commission, C$3.4 billion has been spent in British Columbia through 2020 on the production and post-production of film and television projects.
However, there is still a significant demand for studio space in the region, which has reduced the amount of work the industry could generate. Due to the current lack of space, productions have had to relocate to other jurisdictions such as Ontario and Georgia, which have similar film and television tax credits.
Michael J. Newell, Founder & CEO of Standard Land Development & MJ Newell Homes, is a seasoned real estate expert and veteran with over 14 years of experience. Newell continues to believe that in order to progress in the real estate development industry, it is essential to anticipate various economic scenarios, especially in the context of an active pandemic.
A strong team of contractors would be crucial in this respect from his point of view: each member of the team. in the company and our subcontractors. The bond is fundamental to an optimal working environment and a loyal workforce,” says Newell, who has now built over 1,950 residential homes and several notable commercial/industrial projects with his horizontal and vertical development company.
“A good relationship among employees of a real estate development firm sets a precedent for respect among other builders in the industry, as well as cultivating longevity and loyalty within the office.”
“Not only do we have to put our customers first, but we also have to put our people first,” insists Newell.
The pandemic certainly hasn’t slowed down studio development, as several notable projects in the UK, US, Canada and Europe have begun to benefit from increased production, especially service providers. streaming.
Broadcasters and platforms have also entered into long-term rental agreements with studios for the sound stages in their facilities. The production boom that has captivated the industry for the past two years is likely to continue for the time being.