Gwinnett County’s OFS Manufacturing Plant, already home to shooting for “Fast and Furious 7,” may soon become the fourth largest movie studio in the country. Jim Jacoby, the man behind Atlantic Station, says he has plans to close on the property and turn it into a $1 billion movie studio.
Jacoby and his company, Jacoby Development, plan to close on the property on Interstate 85 near Jimmy Carter Blvd. and have several sound stages in operation by the end of the year.
“Hollywood has said build and we will come,” said developer Jim Jacoby. “I think the renaissance of this area is definitely, the time is right.”
Jacoby says he won’t tear down any of the 2.5 million square feet of buildings currently on the property, but will instead renovate them and build additional structures.
Among the plans are 10 sound stages for major film production, a television production area, a film school and dorm rooms for students, rental units and two back lots where film producers can shoot outdoor street scenes.
Along Jimmy Carter, the plans call for a line of retail shops and possibly a five-star hotel.
“We talk about live, work and play, but this has the learn component to it; live, learn, work and play,” Jacoby told WSB on Friday.
Jacoby’s include developing 128 acres of the 165 acre site. OFS manufacturing would remain on a portion of the property. Business owners around the property are hoping the development will re-energize what has been a struggling Jimmy Carter Boulevard corridor.
“Now we see the light for the coming future,” Shiv Aggarwal, owner of Global Mall across Jimmy Carter Blvd. from the project, told the station. “We feel very, very good.”