Plans for $160-Million N.Y. Studio Unveiled

New York Studios Inc. announced plans for a $160-million, 700,000-square-foot studio with 11 sound stages on a site at the historic Brooklyn Navy Yard. Equity partners in the project include Delphi Studios Inc. and Progressive Internet Alternatives. The project development team includes J.P. Morgan & Co., Harbison Co., La Salle Partners, HLW International and Turner Construction Co. Developers hope the facilities will allow the New York City-based company to make some inroads into Hollywood’s dominance of production and post-production work in feature films and TV.