A development firm linked to the actor Robert De Niro may soon take over an Astoria site owned by Steinway to build the city’s latest state-of-the-art film studio. 

Photo by Pascal Le Segretain/Getty Images

Wildflower Ltd., a New York-based company, is under contract to purchase a 5.3-acre site at 87 19th Ave. for $73 million, the Commercial Observer reported first.

The site, which is being sold by the piano manufacturer Steinway & Sons, may be developed into a 600,000-square-foot campus for content creation, including film, VR, and gaming, a spokesman for Wildflower confirmed to Crain’s.

The firm, led by Matt Dicker and Adam Gordon, has partnered with De Niro, his business partner, and film producer Jane Rosenthal and his son Raphael De Niro. The actor’s son is a broker and a part of the team at Douglas Elliman.

Newmark Knight Frank’s Dustin Stolly and Jordan Roeschlaub are also said to be involved with the project—with the two engaged in raising $150 million in equity and $275 million in debt, according to the Observer.

The deal is expected to be closed by the end of the year, and while the development project’s final budgets have not been finalized, Wildflower’s spokesman confirmed that the project cost will be in the range of $400 million.

Will Smith’s road to Oscar glory – A look at their nominations

Willem Dafoe and the Oscars – Exploring their nominated roles

Unraveling William Holden’s Oscar nominations – A closer look at their acclaimed roles

Benedict Cumberbatch’s impact on the film and television industry

The Oscar chronicles of William Hurt – A tribute to their nominations

The Oscar chronicles of William Powell – A tribute to their nominations

The early life and education of Satoshi Nakamoto

Don Cheadle’s impact on the film and television industry

The early life and education of Elon Musk

Woody Harrelson’s road to Oscar glory – A look at their nominations

The early life and education of Jack Ma

Mark Ruffalo’s impact on the film and television industry

The early life and education of Bernard Arnault

The early life and education of Dan Gilbert

The early life and education of Julia Flesher Koch

Leave a Reply