Fully booked production facilities are one bright spot in New York City’s commercial real estate landscape. “Speaking as a New Yorker, the pandemic proved the importance of this industry to the eco…
Fully booked production facilities are one bright spot in New York City’s commercial real estate landscape.
Wildflower is a ground-up build with foundation work now underway. The $600 million project is expected to be operational in October 2023 and represents a high-profile partnership between Robert De Niro, Jane Rosenthal and others, totaling 760,000 square-feet of purpose-built production facilities located on a waterfront esplanade that is open to the public.
“We compete locally, nationally and internationally, which is not true of other uses of real estate,” says Doug Steiner, chairman of Steiner Studios. The real estate developer got plenty of pushback when he opened his studio complex at the Brooklyn Navy Yards more than 20 years ago. “Our project did a lot for surrounding communities to bring the creative class to Brooklyn and our new project will have similar impact in Sunset Park and Bay Ridge,” he says.
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