Lionsgate To Open Motion Picture Studio In Westchester

YONKERS, NY — A major motion picture production studio will be coming to southern Westchester. Great Point Capital Management, an investment fund run by Robert Halmi and Fehmi Zeko, announced the signing of a letter of intent with Lionsgate to build a production facility in Yonkers.

Lionsgate will be the long-term anchor tenant and investor in the complex and will have naming rights for the complex.

The entertainment complex will cost more than $100 million and will include three 20,000-square-foot and two 10,000 square-foot stages, a fully operational back lot and the opportunity to create a location-based entertainment property similar to what Lionsgate already has in China, the Middle East and elsewhere.

Construction of the complex near 1 Larkin Plaza will begin in November and should be open in the fall of 2020.

The complex will be located less than 30 minutes from Manhattan in downtown Yonkers next to the new Yonkers train station.

Yonkers Mayor Mike Spano said he was thrilled about the news and called the development a "game changer" for the city.

"Yonkers already hosts dozens of on-location shoots eery year with film days tripling over the last five years, so building a permanent sound stage here makes perfect sense," he said.

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