Lionsgate, Great Point Partner for New Jersey’s premier study complex

Lionsgate will be the primary tenant, who has the right to name the studio’s main project in Newark, New Jersey, built by Robert Halm and Fehmi Zeko at Great Point Studios.

The $ 125 million + 12-acre project will lead to partnerships with partners at Jonker’s recently opened Lionsgate Studios as demand for production space continues to grow. It will be the first purpose-built studio in the state to be built specifically for film and television production and is expected to begin operations in late 2004.

“This is a great opportunity to expand our studio presence on the east coast. [and] “Please support our strong film and television production,” said John Feltheimer, CEO of Lionsgate. The studio had 14 new TV shows, which they took over in series last year, and 16 series were revamped, and last year made 21 feature films, highlighting its need for more space, an industry-wide problem.

This studio will be located in the southern part of New York, on the site of the former Seth Boyden Housing, with the Newark Airport, the Port of New York, the NJ Transit, the PATH rail system and several major highways.

A partner of the New Jersey Center for the Performing Arts manages community and community relations, including programs and internships for local high school and college students.

The facility will be owned by Great Point Studios, a joint venture, studio management and investment business, and its institutional partner, a subsidiary of private equity firm Lindsay Goldberg. Great Point will manage a 30,000-square-foot complex with soundstages ranging from 20,000 to 30,000 square feet, offices, ancillary space and parking spaces for 400 cars and 65 trucks. It will offer a full range of on-site manufacturing services, including manual and electrical equipment, fixtures, kit construction, restaurants, on-site catering, housekeeping and security.

New Jersey Governor Phil Murphy is actively collecting tax-exempt products. Netflix (which recently opened a studio in Bushwick, Brooklyn) is bidding on the Fort Monmouth military base, a centuries-old 89-acre area that was closed in 2011. The governor’s “active incentives, plus incentive legislation film and television, which have recently been approved, have played a significant role in bringing Lionsgate to New Jersey, ”the studio said Tuesday.

“One of my administration’s priorities has been to strengthen the New Jersey film industry and create new revenue streams for our state,” Murphy said, noting that the deal would accelerate NJ’s position as a center for production. film and television, taking all forms of closeness. “. Transportation and access to over 14,000 qualified trade unionists in the region ”.

Newark Mayor Ras Barak called the project “a monumental victory for our city” amid the rebirth of the South Ward area. The new study is expected to create more than 600 new long-term jobs, prioritize jobs for New Yorkers, and deliver over $ 800 million in annual economic impact to the city and state.

Halm, the founder of Hallmark Channel, is the producer of over 400 film and television projects. “We have a common vision for the future of the entertainment industry and this is reflected in every detail we put into this complex. “Given the growth of post-Covid studio production, we are confident that the expansion of our studio program in New Jersey will be well received,” he said.

Matrix Development will be the developer of the project. Gensler, a global architecture, design and planning firm, will lead the architecture and overall planning.