NY doubles funds for Steiner’s Navy Yard complex: PHOTOS

New York /
Nov.November 14, 2013 04:08 PM

New York State is increasing its support for Steiner Studios’ media campus project in north Brooklyn, bringing its total financial assistance to $11.3 million.

The move increases the state’s total assistance to the project, which aims to convert the naval hospital annex at Brooklyn Navy Yard to a media, technology and film-related business hub, by $6.3 million. New York City is matching the funds dollar-for-dollar and Steiner is investing $85 million in the $137 million project.

“These funds will allow us to begin the expansion of our media campus, which will enlarge our capabilities in the production of quality film and television, install an educational component for career training in these fields, and create thousands of new jobs, further establishing New York as the number one state for 21st century media,” Douglas Steiner, chairman of Steiner Studios, said in a release.

The project will construct more than 170,000 square feet of new sound stages and a three-acre streetscape backlot. To convert multiple structures and buildings at the Navy Yard, Steiner is partnering with the nonprofit Brooklyn Navy Yard Development Corporation. — Julie Strickland


Related Articles

arrow_forward_ios
New York City Council member Brad Lander (Getty)
Brad Lander calls for city to use land banks
Brad Lander calls for city to use land banks
The Real Deal's Kathryn Brenzel and Steiner Equities' Doug Steiner
Doug Steiner talks Steiner Studios’ Brooklyn expansion
Doug Steiner talks Steiner Studios’ Brooklyn expansion
Rendering of Bush Terminal at Sunset Park (Courtesy of Synoesis)
Steiner Studios to build TV and production facility in Sunset Park
Steiner Studios to build TV and production facility in Sunset Park
205 Park Avenue (Credit: Google Maps)
Developer files plans for mixed-use project facing BQE
Developer files plans for mixed-use project facing BQE
HK Org, Brickman look to sell Clinton Hill apartment building near the Navy Yard
HK Org, Brickman look to sell Clinton Hill apartment building near the Navy Yard
HK Org, Brickman look to sell Clinton Hill apartment building near the Navy Yard
Day in the life of: David Ehrenberg
Day in the life of: David Ehrenberg
Day in the life of: David Ehrenberg
Brooklyn Navy Yard Development Corp. takes over building after tenant falls through, lands new financing
Brooklyn Navy Yard Development Corp. takes over building after tenant falls through, lands new financing
Brooklyn Navy Yard Development Corp. takes over building after tenant falls through, lands new financing
This German billionaire is planning a 120-key hotel by the Brooklyn Navy Yard
This German billionaire is planning a 120-key hotel by the Brooklyn Navy Yard
This German billionaire is planning a 120-key hotel by the Brooklyn Navy Yard
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...