Buffalo, N.Y. (WBEN) - Buffalo is again ready for its 'close-up' as another major development is underway that will continue to draw major film and television productions to the region.
Great Point Capital Management Tuesday announced development of an impressive full-service film and television production facility that will include two 20,000-square-feet stages and 70,000-square-feet of office and support space in a rennovated facility across from Rich Products on Niagara Street in Buffalo. The studio will be built in two phases, with construction on Phase-1 slated to start this September and the project carries a price tag in excess of $50 million.
"It's a state of the art, best in class facility, that will attract the big players to want to film in Buffalo," said Robert Halmi, one of the Great Point general managers and founder of the Hallmark Channel during a press brieing at Rich Products Tuesday.
A familiar name in the Buffalo development community will spearhead the project as longtime local developer and former CEO of the Buffalo Sabres, Larry Quinn, will be coordinating and supervising all aspects of the project for Great Point.
The studio is expected to be a big boost to the local economy. In addition to the many full and part time jobs which will be created at the complex, films utilizing the studio will source catering, security, cleaning crews, transportation and housing locally.
"While the COVID-19 health pandemic has been challenging, people's faith in Buffalo's resurgence has not been shaken and they continue to place their bets on Buffalo," said Mayor Byron Brown during the event.
This will be the third studio complex under construction for Great Point Capital. Construction on their Lionsgate Studios in Yonkers, NY and Hudson Studios in Tarrytown, NY has resumed after a three-month Covid-19 hiatus. Great Point is in discussions with numerous television companies that are considering the role as anchor tenant for the Buffalo Studios.