Boston developer plans huge movie studio for Braintree’s Banner Park
A Boston-based developer is creating plans for a huge movie studio in Braintree.
RISE Development, says they obtained the development rights to the Banner Park campus in Braintree. They plan to turn the 123-acre property into a film production studio.
The property has key access to I-93 and local filming locations. The area will allow world-class studio productions to be created within immediate proximity to Downtown Boston.
The campus will include sound stages, pre-and post-production facilities, and offices to support major television and film productions. The property had recently been home to major film productions from Apple Studios and Netflix.
“The Town of Braintree has had great success with film projects as a temporary use of the Banner Park site,” said Braintree Mayor, Charles Kokoros. “The industry feedback has been positive, and we now have a great opportunity to expand the film industry operations with a permanent location. This significant economic development project will enhance our commercial tax base and create temporary construction and permanent jobs in our community. The Banner Park team is committing 30 acres for conservation to expand public access to the recreational trail network and provide our town’s first dog park that contributes to our residents’ enjoyment,” he added.
According to RISE, The Town of Braintree has been supportive of the proposed movie studio and the over 800 union jobs it is estimated to create for local residents.
“It is rare to have the opportunity to work with a movie studio component within such a dynamic campus,” said Herby Duverné, Founder of RISE. “Braintree is a wonderful community, and we are looking forward to the conversations with neighbors as we move forward with this exciting project.”
RISE plans to create 272,500 square feet of state-of-the-art industrial and office buildings on the campus. The project will also generate $8 million in tax revenue and $1.5 million in permit fees over the next 10 years for Braintree.
This is a developing story. Check back for updates as more information becomes available.
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