The facility is expected to create more than 600 new long-term jobs for Newark residents and generate more than $800 million in annual economic impact for Newark and New Jersey.
The 12-acre, $125 million facility will be owned and operated through a joint venture between Great Point Studios and private investment firm Lindsay Goldberg. It will be located in Newark's South Ward at the site of the former Seth Boyden Housing site, which is near Newark Liberty International Airport, the Port of Newark, NJ Transit, the PATH system and several major highways.
"This is a great opportunity to scale our East Coast studio footprint with our partners at Great Point Studios and the New Jersey Performing Arts Center to support our robust film & television production," Lionsgate CEO Jon Feltheimer said in a statement. Matrix Development will serve as the project developer and global architecture, design and planning firm Gensler has signed on as the facility's architect and master planner. The 300,000-square-foot, full-service, modern entertainment complex will include production stages ranging from 20,000 to 30,000 square feet, offices, support space and parking for 400 cars and 65 trucks.
The facility is expected to begin operations in late 2024, create more than 600 new long-term jobs for Newark residents and generate more than $800 million in annual economic impact for Newark and New Jersey.
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