Lionsgate Set to Launch $100 Million Major Motion Picture Studio in Yonkers - NBC New York

Lionsgate Set to Launch $100 Million Major Motion Picture Studio in Yonkers

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    NEWSLETTERS

    Lionsgate Set to Launch $100 Million Major Motion Picture Studio in Yonkers
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    Facade with logo at headquarters of Lionsgate Films in the Silicon Beach area of Los Angeles, California, December 10, 2018. (Photo by Smith Collection/Gado/Getty Images)

    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.

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