In a game changing announcement for the City of Yonkers, Lionsgate and Great Point Capital Management, a media-oriented investment fund run by Robert Halmi and Fehmi Zeko, are teaming to build a $100 million production facility in Yonkers.
Situated on land near 1 Larkin Plaza near the Hudson River, construction of the site will being in November. It’s expected to be complete by late autumn 2020, with five sound stages – three 20,000-square-foot and two 10,000-square-foot stages — and a fully operational back lot.
Lionsgate has been behind pictures such as “Angel Has Fallen,” “John Wick: Chapter 3.” and “Rambo: Last Blood.”
Lionsgate CEO Jon Feltheimer said: “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.”
The location of the news studio complex couldn’t be better, located less than 30 minutes from Manhattan on the Hudson River in downtown Yonkers. It is situated along the newly created Saw Mill River Plaza and next to the new Yonkers train station.
Yonkers Mayor Mike Spano called the studio complex a “game changer for the City of Yonkers.”
“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. We are thrilled to have Lionsgate partner with Great Point Capital Management and National Resources to make this happen.”
National Resources came on board as a key investment partner and project developer. The company has 30 years of operating experience in the New York area, developing everything from auto dealerships, warehouse facilities, municipal facilities and retail stores. National Resources will be responsible for all phases of design and construction of the studio complex.
Joseph Cotter, President of National Resources added: “The City of Yonkers has been very supportive of Great Point Capital’s efforts regarding the studio facility. The growth and revitalization of Yonkers as well as its proximity to New York City make it an ideal location for a film studio.”