Overview
- Paramount Skydance agreed to occupy roughly 285,000 square feet at the under-construction 1888 Studios through a minimum 10-year lease.
- The company has submitted a Studio Partner application to the New Jersey Economic Development Authority, with board consideration set for Oct. 30.
- If approved as a Studio Partner, Paramount productions could access New Jersey incentives totaling about 40% on qualified costs.
- Developed by Togus Urban Renewal, the 58-acre campus is planned for 23 sound stages and more than 1.1 million square feet of production space, with operations targeted for the fourth quarter of 2028.
- New Jersey expanded its Film and Digital Media Tax Credit program in 2025 and designated 1888 as the first Film‑Lease Partner in 2024, as Bayonne backed the project with a $65 million bond and a 30-year PILOT, alongside separate commitments by Netflix in Fort Monmouth and Lionsgate in Newark.