iPark, an entity of National Resources, now owns the 28-acre Leake & Watts campus — with plans for the site including film studios and an arts school.
Yonkers is continuing its path towards becoming “Hollywood on the Hudson,” as Connecticut-based iPark has closed on its purchase of the 28-acre Leake & Watts campus from the nonprofit Rising Ground for $52.6 million — with the site soon to become film studios and a performing arts school.
Great Point is also a partner in this just-acquired campus, which is one stop south near the Ludlow train station. “We had a lot of interest because it was a long-term project and people were excited to dig in,” said Powers. “There were a number of buyers we vetted but National Resources had the right vision and were able to give us certainty of closing with no conditions.”
Founded in 1831 in Manhattan as the Leake & Watts Orphan House, the organization moved to Yonkers in 1891. Its 30 acres had been part of the larger 74-acre Fonthill estate, owned by actor Edwin Forrest in The Bronx and built from 1848 to 1852.
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