HOLLYWOOD -- Los Angeles City Councilmember Mitch O’Farrell released this statement following the announcement Netflix, the world's leading Internet TV network, will lease a significant portion of the ICON office tower at Sunset Bronson Studios in Hollywood.
“Netflix moving to the 13th District is an indication that our hard work is paying off,” said O’Farrell. “ Hollywood’s business climate is very favorable for today’s leading media and entertainment companies. I am thrilled to welcome Netflix to ICON, and look forward to the growth, success, and creation of high-quality jobs in my district.”
The growing Southern California staff of Netflix is expected to occupy 200,052 square feet at ICON, part of a nearly $200 million creative office development currently under construction along Hollywood’s thriving Sunset Corridor. The deal is the largest office lease signed to date in Hollywood in terms of square feet.
ICON is a 14-story, 323,000-square-foot office tower scheduled for completion in late 2016. Hudson Pacific Properties’ other projects underway at Sunset Bronson Studios include an under-construction roughly 1,600-space parking structure and a planned five-story, 96,000-square-foot creative office building for delivery in mid-2017. The two Class A office buildings were designed with today’s leading creative companies in mind. Both will be LEED Gold certified with cutting-edge systems, large floor plates, significant column-free spans, and underfloor power and data options, all of which enhance workplace efficiency and flexibility.