Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 7

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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 See Part I, Item 1 “Note 3 to the Consolidated Financial Statements—Investment in Real Estate” for details. A portion of the net proceeds from these sales was used to repay outstanding amounts on the unsecured revolving credit facility.

43

In Process and Future Development Projects

The following table summarizes the properties currently under construction and future development projects as of June 30, 2025: 

TypeSubmarketEstimated Square Feet(1)Estimated Completion DateEstimated Stabilization DateUnder Construction:New York, New YorkSunset Pier 94 Studios(2)StudioManhattan232,000 Q4-2025Q3-2026TOTAL232,000 Recently Completed:Seattle, WashingtonWashington 1000OfficeDenny Triangle546,000 Q4-2024Q1-2027TOTAL546,000 Future Development Pipeline:Los Angeles, CaliforniaSunset Las Palmas Studios—Development(3)StudioHollywood617,581TBDTBDSunset Gower Studios—Development(3)Office/StudioHollywood478,845TBDTBDSunset Bronson Studios Lot D—Development(3)ResidentialHollywood33 units/19,816TBDTBDElement LA—DevelopmentOfficeWest Los Angeles500,000TBDTBD10900/10950 Washington(4)ResidentialWest Los AngelesN/ATBDTBDVancouver, British ColumbiaBurrard Exchange(5)OfficeDowntown Vancouver450,000TBDTBDGreater London, United KingdomSunset Waltham Cross Studios(6)StudioBroxbourne1,167,347TBDTBDTOTAL3,233,589 TOTAL UNDER CONSTRUCTION, RECENTLY COMPLETED AND FUTURE DEVELOPMENT4,011,589 

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1.Estimated square footage represents management’s estimate of leasable square footage, which may be less or more than the Building Owners and Managers Association (BOMA) rentable area. Square footage may change over time due to re-measurement or re-leasing. For land properties, square footage represents management’s estimate of developable square footage, the majority of which remains subject to entitlement approvals not yet obtained.

2.We own 25.6% of the ownership interest in the unconsolidated joint venture that owns Sunset Pier 94 Studios. 

3.We own 51% of the ownership interests in the consolidated joint venture that owns Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios.