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.
In January, the foundation was being poured at 333 Schermerhorn Street, the site of Steiner Studios’ 53-story, 581-unit mixed-use tower in Downtown Brooklyn; Brownstoner has the latest update, and it appears the tower portion is now rising and is already a few floors above the base podium. Dattner Architects and Goldstein Hill & West Architects are designing, and completion is expected in 2017.