Massive $550 Million Film Studio Projects Coming To Red Hook And Bushwick

BROOKLYN, NY — Red Hook and Bushwick are set to become the city’s newest filmmaking hubs, with $550 million in studio projects fueled by booming content demand and attractive government incentives.

The New York City Economic Development Corporation, the Industrial Development Agency, and real estate investor Bungalow Projects have finalized deals totaling $552 million to bring state-of-the-art film and TV production studios to Brooklyn.

Located at 176 Dikeman Street in Red Hook and 242 Seigel Street in Bushwick, the new Echelon Studios are expected to become economic powerhouses, creating an estimated 2,400 jobs across construction and ongoing operations.

A 2021 study from the Mayor’s Office of Media and Entertainment found that New York City’s film and television industry supports over 185,000 jobs, generates $18.1 billion in wages, and contributes $81.6 billion to the local economy. Beyond sheer scale, the industry offers high-paying career opportunities, with average salaries around $121,000—roughly a third higher than the citywide average—and pathways for skilled workers without college degrees.

“From iconic locations to world-class studios, there's nowhere to film movies and television shows like New York City; and with these two new studios and this $500 million agreement, we'll bolster that position, create thousands of jobs, and give artists new, high-quality space,” said New York City Mayor Eric Adams.

Two major Brooklyn studios are being developed by Bungalow Projects’ founding partners, Susi Yu and Travis Feehan, with backing from Bain Capital.

Echelon Studios Red Hook will rise six stories and cover 246,000 square feet on the block bounded by Ferris, Wolcott, and Conover streets near the East River. It will feature four sound stages, supporting spaces, and a 56,000-square-foot underground garage.

A few miles east, Echelon Studios Bushwick will be Bungalow’s larger project, stretching 355,000 square feet across six stories on the block bounded by Siegel, White, and Moore streets. The facility will house six sound stages with 40-foot ceilings for two-story sets, along with extensive ancillary space and an 90,800-square-foot underground garage.

Bungalow Projects is also prioritizing workforce development. The company will partner with Reel Works to support its MediaMKRS Career Development program, training youth—including out-of-school, out-of-work participants recruited through NYCHA—for careers in film and TV production.

At the same time, Bungalow will help Hook Arts Media develop community-based media programs for Red Hook and Bushwick residents, opening pathways for the next generation of filmmakers.

“Film production and related industries that support film and media, have become an important driver of Brooklyn’s creative economy over the last two decades,” said Randy Peers, President and CEO of the Brooklyn Chamber of Commerce. “The addition of the two new Echelon Studio facilities in Red Hook and Bushwick will bring on new, state-of-the art capacity, while creating thousands of jobs for Brooklyn residents.”

These projects come amid expanded production incentives in New York and growing competition from neighboring states.

The city has seen a wave of new projects in recent years: Robert De Niro’s Wildflower Studios debuted in Astoria, Borden Studios opened in Long Island City, and Steiner Studios, in partnership with the New York City Economic Development Corporation, broke ground on a new facility in Sunset Park, Brooklyn. Meanwhile, East End Studios is officially open in Sunnyside, Queens, and construction is nearly done on Sunset Pier 94 on Manhattan’s far West Side.

“The content filmed at these new studios, outside their walls, on the streets of Brooklyn, and throughout all the five boroughs, help drive global audiences to visit, work and live here, which in turn provide jobs and support local businesses," said Commissioner of the NYC Mayor's Office of Media and Entertainment, Pat Swinney Kaufman.