Overview
- Paramount agreed to occupy about 285,000 square feet at Bayonne’s 1888 Studios under a minimum 10-year deal.
- The company’s Studio Partner application is under NJEDA review, with a board vote slated for Oct. 30.
- If approved, Paramount would qualify for New Jersey’s enhanced incentive, bringing potential support to about 40 percent of eligible costs.
- 1888 Studios, a 58-acre Film‑Lease Partner facility being built by Togus Urban Renewal, plans more than 1.1 million square feet across 23 sound stages with full support space.
- The project has municipal backing through a $65 million bond and a 30-year PILOT, and it complements Netflix’s Fort Monmouth and Lionsgate’s Newark campuses in the state’s growing production footprint.