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.