September 10, 2019
Great Point Capital Management, a media-focused investment fund run by Robert Halmi and Fehmi Zeko, signed a letter of intent with Lionsgate to build a $100-million production facility in Yonkers, NY. Lionsgate will anchor the project and will have naming rights to the studio complex.
Construction on the Yonkers site will start this November, with a late-autumn 2020 completion targeted. It will 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.
A key investment partner and project developer is National Resources, which has tallied more than $1.5 billion of redevelopment, and will be responsible for all phases of design and construction of the studio complex.
“The growth and revitalization of Yonkers as well as its proximity to New York City make it an ideal location for a film studio,” said Joseph Cotter, president of National Resources.
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