Last week, media-focused investment firm Great Point Capital Management signed on entertainment company Lionsgate as its anchor tenant for a new $100 million production-studio development in Yonkers. Lionsgate will also be an investor in the project that includes five studios and a back lot near the Yonkers downtown Metro-North train station. Also a partner in the joint venture is developer National Resources.
Kaufman Astoria Studios
Kaufman Astoria Studios first opened in 1921, and has long been a centerpiece of New York City’s media industry. The Astoria-based complex is no longer relying on its historical footprint, having recently become the first studio in the Five Boroughs to gain a backlot for filming. A backlot is a space containing permanent exterior sets. The latest addition to the campus will be a newly built four-story office building at 34-11 36th Street, Queens, that will include two new stages, which YIMBY can now reveal. The studio’s Astoria on Stage LLC is behind the applications.
Kaufman Astoria Studios, one of New York City’s largest TV and film production facilities, announced this summer that they hoped to add two more soundstages to their century-old campus. Now, they’ve filed plans for a sizable four-story building at 36-02 34th Avenue, at the corner of 36th Street and across the street from their two main studios.
Kaufman Astoria Studios, located at 34-12 36th Street in southern Astoria, is planning to build a four-story expansion of their production complex at 36-06 34th Avenue, located at the corner of 36th Street and 34th Avenue, three blocks from the Steinway Street stop on the M and R trains. The expansion will include two new stages, one which will measure 15,381 square feet and a second to measure 8,573 square feet, according to Crain’s. It will also include 26,000 square feet of ancillary production space, 45,000 square feet of office space, and an underground parking garage. Construction is expected to begin in the fall, with completion scheduled in 2018. The corner site is currently vacant.
In February of 2015, foundation work was underway at 34-32 35th Street, in southern Astoria, where a seven-story, 33-unit residential building is being constructed. Now the building has topped out and receiving its façade, according to The New York Times. Dubbed The Marx, the 28,957 square-foot building will feature condominiums measuring from 675 to 1,363 square feet, in one-, two- and three-bedroom configurations. Kaufman Astoria Studios and Bronx-based Procida Companies are developing, while Fogarty Finger is designing. Completion is slated for early 2016.