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PLAYA VISTA, CA—IMAX Corp. has launched construction efforts on a 66,000-square-foot office building in Playa Vista. The new facility will house the company's post-production and screening rooms, as well as relocate 120 employees from the company's Santa Monica location.

"For over 45 years, IMAX has continued to look for new ways to push the boundaries of technology and entertainment to create a more immersive experience for moviegoers and to help filmmakers bring their creative vision to life," says Greg Foster, SEVP of IMAX Corp. and CEO of IMAX Entertainment. "Playa Vista is an area that shares our spirit of innovation. We are excited to be a part of this emerging high-tech hotspot and dynamic business community."

The three-story facility is located at the corner of Westlawn Ave. and Millennium Dr. in Playa Vista's burgeoning tech district, and features an incredible design. A large amphitheater with a skylight sits in the center of the building, promoting collaboration; two large screening rooms will serve as event space for the company's private screenings; glass conference rooms hang above an atrium and overlook the landscaping designed around the building exterior. There is plenty of space, too, for the company to continue to expand. It expects to bring 100 new jobs to Los Angeles.

"This new office represents how far we've come as a valued partner to studios and filmmakers in Hollywood and around the world," says Richard L. Gelfond, CEO of IMAX. "Our growth is largely the result of our evolution from film to digital, which has enabled us to be in 57 countries, do roughly 35-40 movies a year, and have DMR facilities in both Toronto in LA. This has necessitated new and different requirements for our office space." Take a look at renderings of the design, below.

Construction of the development is scheduled to be complete in early 2015. Gensler is leading the project design efforts and Lincoln Property Co. is leading the construction process. Lincoln Property Co. is also building the nearby 800,000-square-foot, $260 million Runway office campus development, which recently signed six new tenants, including four restaurants—Lyfe Kitchen, Panini Café, Hopdoddy Burger Bar and Sol Cocina—and two banks—Wells Fargo and Chase.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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