What to Know
Yonkers is set to become the tri-state area’s premier filming destination – thanks to a major $100 milllion production studio complex.
The more than $100 million Lionsgate entertainment complex will include stages, a back lot and other services
Construction on the Yonkers site will start this November and the facility will be up and running in late autumn 2020
Yonkers is set to become the tri-state area’s premier filming destination – thanks to a major $100 million production studio complex.
Great Point Capital Management, a media-focused investment fund, announced Thursday it signed a letter of intent with Lionsgate to build a major new production facility in Yonkers with Lionsgate becoming a long-term anchor tenant and investor in the studio complex.
As anchor tenant, Lionsgate will have naming rights to the studio.
The more than $100 million modern entertainment complex is full-service. It is set to include three 20,000-square-feet and two 10,000-square-feet stages, a fully operational back lot and the opportunity to create a location-based entertainment property.
The studio complex will be located less than 30 minutes from Manhattan on the Hudson River in downtown Yonkers -- next to the train station.
Construction on the Yonkers site will start this November and the facility will be up and running in late autumn 2020.
"This is a game changer for the City of Yonkers and is a testament to the ongoing revitalization of our waterfront," Yonkers Mayor Mike Spano said. "Yonkers already hosts dozens of on-location shoots every year with film days tripling over the last five years, so building a permanent sound stage here makes perfect sense."
Meanwhile, Lionsgate CEO Jon Feltheimer said the “modern film and television production complex" is set to "provide a great home for many of our content creation initiatives."
"It's rare to find a studio facility in such a prime New York metropolitan area location, and we look forward to being at the center of film and television production growth in the region," Feltheimer said.