The past few years have seen a growing demand for film studios and TV production facilities in New York state, a trend that seems to have accelerated during the pandemic. More than half of the state’s 130 production facilities have been certified in the past five years, and the state now is home to roughly five million square feet of studio space. Silvercup Studios, which has operated out of Long Island City since 1983 and is famous for filming 30 Rock and The Sopranos, was recently sold for $500 million and Steiner Studios, which has operated out of the Brooklyn Navy Yard since 2004 is expanding with its 500,000-square-foot development in Sunset Park. Other major developments include the 775,000-square-foot Wildflower Studios (set to be completed in Astoria in 2023), Netflix’s 170,000 square-foot studio in Bushwick, and a 500,000 square feet expansion of Lionsgate’s Yonkers studio. Please join us to hear from this panel of industry experts and stakeholders on this emerging asset class. The panel will explore questions such as: What are the opportunities and risks in developing and owning film studio and TV production real estate? What are operators and end-users looking for?
Joshua Levin, Associate Commissioner of Intergovernmental & Community Affairs, NYC Mayor's Office of Media & Entertainment (MOME)
Sumita Arora, RIBA, LEED® GA, Media Leader, Principal, Gensler
Alan Suna, Founder & Chairman, Silvercup Studios
Henri Kessler, Global Capital Group | National Hospitality Group, Marcus & Millichap