Great Point Capital Management, a media-focused investment fund run by Robert Halmi and Fehmi Zeko, has signed a letter of intent with Lionsgate to build a major new production facility in Yonkers, New York.
Lionsgate will be a long-term anchor tenant and investor in the studio complex. As anchor tenant, Lionsgate will have naming rights to the studio.
The $100-plus million entertainment complex will include three 20,000-sq.-ft. and two 10,000-sq.-ft. stages, a fully operational back lot and the opportunity to create a location-based entertainment property similar to what Lionsgate has already established in China, the Middle East and elsewhere around the world.
National Resources is a key investment partner and project developer. The company will be responsible for all phases of design and construction of the studio complex.
The studio complex will be located less than 30 minutes from Manhattan on the Hudson River in downtown Yonkers. It is situated along the newly created Saw Mill River Plaza and next to the new Yonkers train station.
Construction on the Yonkers site will start this November and the facility will be up and running in late autumn 2020.