YONKERS, NY — September 6, 2019 — Robert Halmi and Fehmi Zeko, of Great Point Management, a media investment fund, in tandem with entertainment giant Lionsgate will undertake a $100 million production facility in the City of Yonkers.
Construction of the facility is to begin November 2019 and intentioned for completion in the fall of 2020. Lionsgate will retain naming rights to the studio. They are the investor and long-term anchor tenant of the studio.
The studio complex is designed to include three 20,000-square-feet and two 10,000-square-feet stages and a fully operational back lot. The opportunity to create a location-based entertainment property similar to what Lionsgate has established in various global sites such as China, and the Middle East is compelling.
The New York metropolitan area has grown exponentially due to a panoply of factors. Most prominent have been an ever growing state and municipal tax incentives, a burgeoning demand for sound stages, the rise of programming overall, especially in streaming video.
National Resources has also come aboard 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.
The studio complex will be built along the majestic Hudson River backdrop along the recently created Saw Mill River Plaza situated next to the Yonkers Metro North Train station. along the Hudson River in downtown Yonkers, north of Manhattan. It is situated along the newly created Saw Mill River Plaza and next to the new Yonkers train station.
National Resources President Joseph Cotter, engaged over many years of investment n Yonkers, is partnering with Great Point.
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.”
Great Point Management’s Robert Halmi said, “Given the dramatic rise in television production and the shortage of studio facilities in the New York area, a new, best-in-class production facility is an ideal investment for Great Point Capital. We are very proud that Lionsgate shares our vision and has come on board with our project.”