The Queens MediaWorks project — a New York-based non-fiction content production hub first announced in 2017 — has entered a crucial next stage of development, with two Long Island City locations in the running and a top real estate and investment management firm signing on to move the initiative along.
The real estate firm, JLL, and the Queens MediaWorks (QMW) partners are evaluating the locations and are working in process with numerous potential production company clients to discuss and disclose plans and terms, with several prodcos having already signed letters of intent.
The project (artist’s rendering, pictured), which will also function as a commercial and retail space, is geared towards keeping unscripted production within New York State, by providing a cost-effective alternative for New York’s primarily Manhattan-based unscripted production industry. Rents are expected to be 30-50% lower than those available in Manhattan even before incentive packages, and the complex will offer 350,000+ square feet of office and production space, and potentially more.
The initiative was originally announced by then-Assemblyman Francisco Moya (D-39), now a New York City Council Member and the Chairman of the Subcommittee on Zoning and Franchises.
Partners within the initiative include Bruce David Klein, president & executive producer at Atlas Media; Richard Seet, former principal of private equity, management and financial services corporation The Carlyle Group; Seet’s business partner, soccer star and entrepreneur David Villa; and Brent Montgomery, CEO of Wheelhouse Group.
“We have been working diligently for the last two years on this endeavor which has evolved into a multi-benefit solution to an era of massive change in the content business,” said the Queens MediaWorks partners in a joint statement. “Not only does Queens MediaWorks offer a much more cost-effective way to work for New York-based production, it also rallies producers of unscripted around a local hub that can serve as a fellowship for the community, something that has always been a touchstone for the industry.”
“Queens MediaWorks is a remarkable new opportunity for members of the unscripted video-content production industry,” offered JLL’s executive managing director Michael Berg. “Long Island City is a dynamic and cost-effective environment that will enable these businesses to grow and thrive. We are confident that this effort will create a powerful destination for these creative entrepreneurs.”