Pinewood Toronto Studios - 225 Commissioners Street
As the City’s economic development corporation, Toronto Port Lands Company (then operating as TEDCO and now part of CreateTO) sponsored research to understand why Toronto was losing big productions to other cities at the time. The research identified the need for purpose-built studio space and larger sound stages in order for Toronto to compete for international large-scale film productions. In support of the City’s objectives, TPLC (now part of CreateTO) organized an international, competitive bid for a private joint venture consortium to develop the new project. TPLC (now part of CreateTO) owned property in the Port Lands that could accommodate this project. Once the investors were in place TPLC (now part of CreateTO) conducted a 30-acre remediation of the lands. The result was the first private sector commercial investment in revitalizing Toronto’s waterfront.
Phase 1 of the $60 million, 260,000 sq. ft. landmark studio complex included a 45,000 sq. ft. purpose-built sound stage. The completion of Phase 1 created an anchor and a catalyst for redevelopment in the Port Lands within the new Studio District. Phase 2 of the expansion of Pinewood Toronto Studios began in 2012 with the lease of additional 2.2 acres to build three new sound stages. Phase 3 will see Pinewood bringing online 30,000sqft of new studio and support space in 2018. The future phases of the anticipated future expansion will include additional studios, office space and other ancillary activities.
Pinewood Toronto Studios is a prime example of how we partner with the private sector in order to achieve economic development objectives. The property has been returned to productive use – from being a former underutilized brownfield site. The complex continues to attract jobs, increases revenues to the City, leverages private-sector investment, repurposes former brownfield industrial land to new uses, and realizes the City’s economic development objectives within this option to lease arrangement.
- Attract and maintain film-related jobs in the South of Eastern & Port Lands area
- Leverage private sector investment
- Increase revenue to the City