Netflix Keeps Expanding its Enterprise. It’s New High-Rise at Hollywood is an Evidence.
Construction is in the final stages of the 13-story building which Netflix recently rented at Sunset Boulevard, Hollywood. The streaming giant is expected to start occupying the building by next year. The building developed by Hudson Pacific Properties has exclusive amenities and was covered by solar-powering panels in addition to exterior terraces, fire pits, and a rooftop deck.
“Epic is part of our continuing investment in LA and Hollywood,” Netflix’s chief financial officer David Wells said last year when the Epic deal was announced. “We’re thrilled to be able to continue to grow our team there.”
While Netflix is set to occupy this new raise, it also extended the leases of currently rented whole 14-story Icon Tower and almost 92,000 square in the five-story office building Cue for five more years. It is very evident that the company is not just moving to a new building but expanding its enterprise and investments.
