SANTA FE, NM - The City of Santa Fe’s Metropolitan Redevelopment Agency introduced the first development agreement for expanding the film and multi-media production studios at the city’s governing body’s meeting on Oct. 30.

The deal is a significant milestone that marks the start of an exciting journey to transform the Midtown site into an urban hub of creativity, entertainment, arts and culture, jobs, education, and housing, as envisioned by Santa Fe communities.

This agreement outlines the development, lease, sale, and community benefits terms with Aspect Studios, the development entity selected through the city’s Request for Proposals process. The agreement, now undergoing the city’s legislative process, paves the way for the first development phase at Midtown.

The plan will anchor the site’s southern end with a unique mixed-use “studio village” featuring cutting-edge film production facilities, vibrant commercial spaces, and a residential area. The project is designed to act as a catalyst for further investment and interest in the Midtown District.

“This is not just a plan; it’s a commitment to Santa Fe’s future,” said Director of Economic Development Johanna Nelson. “Midtown represents the intersection of creativity, community, and opportunity. Our partnership with Aspect Studios will invigorate this district and ensure everyone in our community benefits from its success.”

Aspect Studios, led by developer Phil Gesue, brings experience in urban mixed-use projects that integrate creative, commercial, and residential components. With their strategic acquisition adjacent to the Midtown site, Aspect Studios is poised to create the largest film and multimedia complex in northern New Mexico, cementing Santa Fe’s reputation as a global hub for creative filmmakers.

“Aspect Studios has a proven track record of turning visionary ideas into transformative spaces,” said Daniel Hernandez, Director of the Metropolitan Redevelopment Agency. “Their track record, combined with a commitment to building on Santa Fe’s community assets and workforce, sets the stage for a unique and inspiring economic development project at Midtown.”

This project builds upon the community-informed Midtown Master Plan and the Community Development Plan, which were unanimously approved by the city’s governing body in 2021 and 2022, respectively. The development reflects the city’s focus on economic growth, equity, environmental sustainability, and cultural enrichment.

Key Community Benefits

• Economic Growth: The project is projected to create over 1,000 jobs, focusing on local hiring to benefit residents.
• Equity: The development includes market and affordable housing units, ensuring that Santa Fe’s creative workforce and families have accessible living options.
• Environmental Responsibility: All new structures will meet green building standards, strengthening Santa Fe’s Gold City certification for Leadership in Energy and Environmental Design (LEED).
• Cultural Enrichment: Expanded creative and educational spaces will provide opportunities for film training, internships, and community engagement.

The Public Comment hearing before the city’s governing body is on Nov. 13, and the final vote is on Dec 11.