Canyon Partners, J.P. Morgan provide $193m construction loan NYC studio development
Canyon Partners Real Estate and J.P. Morgan have co-originated a $193 million senior construction loan to East End Studios for the ground-up development of the firm’s Sunnyside Campus, a media and content production studio in Queens, N.Y. Construction of the studio commenced with the loan closing and is expected to be completed by first quarter 2025.
East End Studios – Sunnyside Campus will be a 275,000-square-foot class A facility featuring three best-in-class, full-service ground-floor sound stages spanning 75,000 square feet. The stages will have 37-foot clear heights and may be subdivided. The project also houses a 15,000-square-foot rooftop flex-stage with 26-foot clear heights that offers sweeping views of the Queens, Brooklyn and Manhattan skylines as well as ample outdoor gathering space. The stages are supported by 125,000 square feet of production, office and mill spaces, 225 below-grade parking spaces and eight enclosed loading bays at grade for full-size truck