A prominent Atlanta developer’s plans for a massive movie studio campus in Atlanta’s northern suburbs could be in limbo as it battles a fiber optics maker in court over more than $100K in licensing fees.
In 2013, Jacoby Development Inc. pushed to transform the more-than-100-acre OFS campus in Norcross into a 5M SF, Hollywood-like megapolis that would include six soundstages, more than 75K SF of acoustically treated production space, 100K SF of office, 110K SF of workshop space, a 30-acre backlot, 300 hotel rooms, a film school, student housing, apartments and retail. A year later, Jacoby announced a partnership with Los Angeles-based MBS Media Campus to manage the studio space.
Despite those plans — the OFS campus having already been the shooting location for a number of Hollywood blockbusters, including portions of “The Hunger Games” and the $190M “Fast and Furious 7” — there has been little headway on the redevelopment. That may be because OFS, owned by the Japanese Furukawa Co., has been locked in a Hollywood-like battle with Jacoby in Fulton County Superior Court.
See more at Bisnow.