Silvercup Studios plans 120K sf facility in the Bronx

Port Morris site to be production company's third location in the city

TRD New York /
Jul.July 06, 2015 12:00 PM

Silvercup Studios is opening a 120,000-square-foot facility at 295 Locust Avenue in the Port Morris section of the Bronx.

The television and movie production company already has two Long Island City locations, the Wall Street Journal reported. Brothers Alan and Stuart Suna, who founded the studio more than 30 years ago with their father, Harry, bought the location for $15 million from Simone Development Companies. They are planning to invest an additional $20 million into the property.

“The Bronx is experiencing its own renaissance, I don’t think (most) New Yorkers realize,” Stuart Suna told the newspaper.

Price per square foot for industrial sites that were sold for more than $500,000 in the Bronx were $149 in the first quarter of 2015, the newspaper reported. The price for a comparable space in Long Island City was $395 per square foot during that same period.

TV shows such as “30 Rock,” “The Sopranos” and “Gossip Girl” have been filmed at Silvercup Studios.

The movie and television sector in New York City generates about $7.1 billion in direct spending and $400 million in tax revenue, the Journal reported, less than 5 percent of which takes place in the Bronx. [WSJ] — Claire Moses


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

Prana pays Related $36M in Bronx multifamily play
448 East 143rd Street in the Bronx (Credit: Google Maps)

Private developer’s NYCHA project in Mott Haven lands $79M in financing

Private developer’s NYCHA project in Mott Haven lands $79M in financing
1159 and 1184 River Avenue with Maddd Equities' Jorge Madruga (left) and Joy Construction's Eli Weiss (right) (Credit: Google Maps)

Maddd Equities, Joy Construction score $64M for massive Bronx project

Maddd Equities, Joy Construction score $64M for massive Bronx project
2055 Anthony Avenue and 1416 Ferris Place (Google Maps)

Ved Parkash picks up Fordham Heights apartment building

Ved Parkash picks up Fordham Heights apartment building
41 Haight Street in Flushing and 1290 Viele Avenue in Bronx (Google Maps; iStock)

Deal for pizza-pan manufacturer rounds out last week’s mid-market sales

Deal for pizza-pan manufacturer rounds out last week’s mid-market sales
Bronx-Manhattan North Association of Realtors' Eliezer Rodriguez and Hudson Gateway Association of Realtors' Richard Haggerty (Photos via Facebook)

New York’s biggest MLS gets bigger after merger

New York’s biggest MLS gets bigger after merger
AIG CEO Brian Duperreault and Brooklyn Navy Yard project, with Andrew Joblon and 980 East 149th Street (Turnbridge, Brooklyn Navy Yard)

These were the top outer-borough loans in September

These were the top outer-borough loans in September
Silverback's Josh Schuster and 580 Gerard Avenue (Google Maps) 

Silverback plans 200-unit South Bronx Opportunity Zone project

Silverback plans 200-unit South Bronx Opportunity Zone project
arrow_forward_ios

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

Loading...