Overview
- Paramount Skydance’s lease makes the company eligible for Studio Partner status, with its application scheduled for NJEDA board consideration on Oct. 30.
- 1888 Studios is a 58-acre campus under construction that plans more than 1.1 million square feet of production space across 23 sound stages, with operations targeted for the fourth quarter of 2028.
- New Jersey’s film and TV incentive typically provides up to a 35% credit, rising by an additional 5 percentage points for designated studio or film-lease partners, bringing potential credits to about 40%.
- The Bayonne commitment adds to New Jersey’s growing production buildout that includes Netflix’s Fort Monmouth campus and a Lionsgate-backed complex in Newark.
- Developed by Togus Urban Renewal and designed by Gensler on a former Texaco refinery site, the project has received local support including a bond and a long-term PILOT arrangement.