Harpo Studios to be sold to a Chicago developer. Oprah Winfrey's famed West Side neighborhood studio campus will be bought by Sterling Bay. According to United Press International on Mar. 17, Harpo will be leased back to produce OWN programs.
The presence of her company was credited with revitalizing the neighborhood, which now features a dining, shopping and residential area.
Harpo Studios resides on what was originally an 88,000-square-foot lot. The four buildings occupy a parcel that is nearly double the original size in Chicago's West Loop. It was the home of "The Oprah Winfrey Show" until 2011. Her morning talk show was moved to the former meatpacking district area in 1988.
Oprah's Harpo Studios project is credited with revitalizing the once gritty neighborhood. Over 200 people work in the 170,000 square-foot campus. Upscale and trendy shops and restaurants have since moved in to the area. Even Google now occupies a building in the area.
After ending "The Oprah Winfrey Show," the media mogul has sharply scaled back her holdings in the area. In 2013 she sold the retail condo, which housed her Oprah Store at a loss. Another condominium she owns is for sale for $7.75 million as well.
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