TORONTO — Cinespace Film Studios has announced the signing of a multi-year lease with PortsToronto to develop Marine Terminal 51 and the Cruise Ship Terminal on Toronto’s waterfront into film and TV production facilities.
Cinespace’s new Marine Terminal Studio project will add 165,000 square feet of studio and support space to Toronto’s film industry infrastructure, said a March 2 media statement.
The site is located on the edge of the city’s Port Lands. Cinespace will be relocating studio capacity from its Eastern Avenue site.
Recent projects developed at Cinespace Toronto studios are The Handmaid’s Tale and Oscar-winning movie The Shape of Water.
“Hearing the clear and recurring requests from Toronto’s repeat film clients for more studio space in our city, we asked every agency in Toronto to audit their inventories for large sites that could be leased to the film industry,” said Toronto Mayor John Tory in a statement.
“I am gratified today that PortsToronto and Toronto’s studio veterans, Cinespace, have come to this agreement in the Port Lands.”
Cinespace is the largest private owner and operator of studio space in North America, the statement indicated.
Commented Steve Mirkopoulos, president and CEO of Cinespace, “The Cinespace family is proud to move on phase two of our multi-year, multi-million-dollar investment and intensification initiative. The new Marine Terminal studio complex will feature 165,000 square feet of production space that both relocates and enhances capacity recently displaced, and most importantly keeps it inside Toronto’s strategically important studio district.”
The statement said the new space will not displace existing industrial port operations, nor cruise ship activities.