“This location is obviously near and dear to both of our hearts,” Dudley said. If the Regal Mile Studios plan is successful, it would join other film studios in Chicago, including the sprawling Cinespace Chicago Film Studios in North Lawndale, where “The Chi” is currently filmed, and an Avondale film studio proposed for The Fields campus.ĭudley and Loop Capital CEO Jim Reynolds grew up on the South Side near the planned Regal Mile Studios site. The name pays homage “to the significance that the Regal has had in the community, but right now there are no immediate plans to include the Regal Theater in this development,” Dudley said.Ī development team led by ID8 Ventures - in which Dudley is a partner - and Loop Capital Markets submitted an application for a zoning change for the South Shore properties last week. 79th St., said developer Derek Dudley, who produces “The Chi” on Showtime. and in the 7700 blocks of Blackstone, South Chicago, Harper and Stony Island Avenues, pending city approval.ĭespite drawing its name from the nearby Regal Theater, the Regal Mile Studios project will not incorporate the deteriorating theater at 1641 E. The studios would be built on properties at 1431–1525 E. The development is estimated to cost $60–$70 million, with the studios set to open in late 2022 or early 2023. The Regal Mile Studios would bring a “state-of-the-art media campus” with 220,000 square feet of studio space to a 6.5-acre plot in the far southwest corner of South Shore. SOUTH SHORE - Two South Side investors are planning a massive studio campus near the Avalon Regal Theater, hoping to boost Chicago’s film industry and get kids of color involved in media production.
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