Real Estate
'The Matrix' Filmmakers Selling Edgewater Studio
This inconspicuous North Side building has hosted some famous stars and helped to create many Hollywood films.
CHICAGO — A 21,000-square-foot movie production studio is hitting the market on Chicago's North Side, Crain's reported. Kinowerks has called Edgewater neighborhood home since 2007, when the company bought the one-story building from Ravenswood Studios.
Kinowerks filmmakers Lilly and Lana Wachowski provided effects, preproduction and postproduction for "The Matrix" trilogy, Cloud Atlas, Speed Racer, Jupiter Ascending and other Hollywood movies.
The asking price for the studio is just under $5 million, which is far below what the Wachowski family said they paid for its purchase and renovation, Crain's reported.
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The family invested millions into make the building environmentally sustainable, including adding a water reuse system, solar panels, a green roof and a plug-in station for electric cars.
The industrial brick studio includes a theater, offices, a conference room, a cafe, a lounge and an indoor basketball court.
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Kinowerks is wrapping up work on the Netflix series "Sense 8," and since no new productions were scheduled, the family decided to close the facility, Crain's reported.
The studio at 5645 N. Ravenswood Avenue has hosted Susan Sarandon, Tom Hanks, Hugh Grant, Halle Berry, Kevin Bacon and other big names, according to the report.
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