The Eastsider reported last week that the site of Los Angeles’ first permanent movie studio on the border of Echo Park and Silver Lake had been sold to an unidentified buyer. This week, the investment firm Mountain Real Estate Capital in partnership with developer Harridge Development Group announced that they were the buyers of the nearly three acre property located at the southern tip of the 2 Freeway at Glendale Boulevard. The partnership said they planned to start construction early next year. In addition to building homes and possibly apartments, Mountain Real Estate Capital also indicated it might consider erecting a monument in honor of the Selig Polyscope Studio, which opened in 1909 as the first of a string of silent film studios that operated in what was then called Edendale. In a brief statement, Mountain Real Estate said:
The partnership is to looking to modify the project and we hope to be in construction early next year. A previous developer planned to erect a monument to honor Selig Polyscope Studio, our plans would be to consider the same.
The studio site is now an empty lot located where the southbound offramp of the 2 Freeway joins Glendale Boulevard near Clifford Street. Mountain Real Estate said in a press release that it can build up to 67 homes on the northern section of the site but that it “will work with the city to redesign the north parcel to a lower density residential use.” Meanwhile, the southern portion of the property might developed into homes or apartments.
Mountain Real Estate declined to say how plans to rebuild the 2 Freeway at Glendale Boulevard will affect the project.