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Large-scale $100M Development along Bronx Riverfront
York Studios Michaelangelo Campus
South Bronx
Large-scale $100M Development along Bronx Riverfront
York Studios Michaelangelo Campus
South Bronx
Our client’s multi-phase expansion in the Bronx presented multiple site-related challenges initially complicating funding, including construction risk, collateral issues, and the speculative nature of the project and its location. Skeptics of the initiative cited the fact that the project site, which exhibited environmental issues, had been vacant for 20+years.
Large-scale $100M Development along Bronx Riverfront
York Studios Michaelangelo Campus
South Bronx
The owners could not guarantee continuing access to the NYS tax credit program for film production. In addition, it was paramount that cash be preserved to fund Phase II predevelopment and infrastructure costs.
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Large-scale $100M Development along Bronx Riverfront
York Studios Michaelangelo Campus
South Bronx
We investigated each option as our client progressed through the development plan.
Large-scale $100M Development along Bronx Riverfront
York Studios Michaelangelo Campus
South Bronx
Our close relationship with the NYC Industrial Development Agency, as well as our familiarity with the complex application and approval processes, were assets to York Studios. We successfully guided our client through the transaction, ensuring an efficient and smooth closing process.
York Studios, Inc. owns and operates NYS qualified motion picture and television production facilities in New York City. The company’s multi-phase expansion in the Bronx represents the first major film production studio project in the borough.
Large-scale $100M Development along Bronx Riverfront
York Studios Michaelangelo Campus
South Bronx
Our client’s multi-phase expansion in the Bronx presented multiple site-related challenges initially complicating funding, including construction risk, collateral issues, and the speculative nature of the project and its location. Skeptics of the initiative cited the fact that the project site, which exhibited environmental issues, had been vacant for 20+years.
The owners could not guarantee continuing access to the NYS tax credit program for film production. In addition, it was paramount that cash be preserved to fund Phase II predevelopment and infrastructure costs.
We investigated each option as our client progressed through the development plan.
Our close relationship with the NYC Industrial Development Agency, as well as our familiarity with the complex application and approval processes, were assets to York Studios. We successfully guided our client through the transaction, ensuring an efficient and smooth closing process.
Film & TV Studio Production (New Facility)
$51,000,000
“ThinkForward remained at our side for years…they saw this project through, playing a significant role in making it a reality.”
JOHN KALAFATIS, CFO
Our client’s multi-phase expansion in the Bronx presented multiple site-related challenges initially complicating funding, including construction risk, collateral issues, and the speculative nature of the project and its location. Skeptics of the initiative cited the fact that the project site, which exhibited environmental issues, had been vacant for 20+years.
The owners could not guarantee continuing access to the NYS tax credit program for film production. In addition, it was paramount that cash be preserved to fund Phase II predevelopment and infrastructure costs.
Our close relationship with the NYC Industrial Development Agency, as well as our familiarity with the complex application and approval processes, were assets to York Studios. We successfully guided our client through the transaction, ensuring an efficient and smooth closing process.
York Studios, Inc. owns and operates NYS qualified motion picture and television production facilities in New York City. The company’s multi-phase expansion in the Bronx represents the first major film production studio project in the borough.
