Eight months since our last update, the redevelopment of the Warner Bros. Ranch lot in Burbank is rapidly taking shape.

Aerial view looking northwestHunter Kerhart Architectural Photography

The $500-million project, a joint venture between Worthe Real Estate Group and Stockbridge Real Estate Fund, has transformed the roughly 30-acre campus at 3701 W. Oak Street with the construction of 16 soundstages, 326,000 square feet of offices, and a parking garage. The new soundstages are already fully-leased by Warner Bros.

Gensler is designing the redevelopment.

The Ranch lot's redevelopment is a component of a broader land swap deal between Worthe, Stockbridge, and former Warner Bros. parent company AT&T, and included multiple properties in the Burbank area. The centerpiece of that deal was the The Burbank Studios lot, where Worthe and Stockbridge have completed work on a pair of Frank Gehry-designed offices. Operations that were previously based at the Ranch lot were to relocate to the new office buildings as part of the deal.

Aerial view of a redeveloped Ranch Studios Lot in BurbankWorthe Real Estate Group

Warner Bros. has since sold The Burbank Studios lot back to Worthe, Stockbridge, and QuadReal Property Group, which have plans to add five soundstages to the property, and potentially up to 400,000 square feet of offices should market conditions improve.

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