The streaming company is renting another 355,000 square feet, near the Hollywood ArcLight
Netflix’s expansion in Hollywood continues. Kilroy Realty Corporation announced today that the streaming company is renting all the available office space—355,000 square feet across three buildings—in Kilroy’s under-construction Academy on Vine project.
That means, by our tally, Netflix will rent an impressive 1.1 million square feet of office space in Hollywood within the next two years.
“Our expansion into the Academy on Vine property further deepens our connection with the Los Angeles and Hollywood communities,” Netflix CFO David Wells said in a statement.
The Academy on Vine complex is expected to be complete in 2020. The development occupies an entire city block bounded by Vine Street, DeLongpre Avenue, Ivar Street, and Homewood Avenue. The project also includes a 20-story residential tower with 193 units and retail space.
Just over a month ago, Hudson Pacific Properties announced that Netflix would be lease the whole 328,000-square-foot, 13-story EPIC building on Sunset Boulevard, when it’s complete in 2020.
Netflix also leases the 14-story companion to EPIC—ICON—and about 92,000 square feet of an adjacent building called CUE—both on the Sunset Bronson lot and owned by Hudson Pacific Properties.
- Kilroy Realty Signs Lease with Netflix for 100 Percent of the Commercial Office Space at Academy on Vine [MarketWatch]
- Netflix will lease second office tower under construction now in Hollywood [Curbed LA]
Source: Real Estate