Production-studio developer Bungalow Projects and their private equity partner Bain Capital filed plans to build a movie studio in Bushwick.
The partners filed plans for a roughly 300,000-square-foot facility at 242 Seigel Street in Brooklyn with the Department of Buildings.
The project will take up a large portion of the block between White Street and Bushwick Avenue, from Seigel Street through the other side of the block at Moore Street.
Bungalow, headed by Travis Feehan and Susi Yu, plans to start marketing the project to tenants at the start of 2026, with delivery scheduled for the first quarter of 2027, according to a spokesperson.
When the company bought a development site in Red Hook earlier this year, Yu said she and her partners were targeting “highly ammenitized neighborhoods of Brooklyn” for their production studios.
Bungalow paid nearly $50 million to assemble the Bushwick development site.
The company earlier this month paid $7.8 million to buy the property at 246 Seigel Street. Last year, Bungalow paid $26.6 million to buy a nearby group of properties from Fortress Investment Group, which had acquired the sites from Toby Moskovitz’s Heritage Equity Partners after a lengthy legal battle. Plans had called for a 13-story office and retail building.
Bungalow also paid $14.8 million last year to buy the property at 232 Seigel Street.
Bungalow and Bain are also planning a 225,000 square foot production facility in Red Hook at 145 Wolcott Street, which they bought in April for $34 million. It will have four soundstages.
“New York studios can be second- or third-rate compared to cities like Los Angeles, Atlanta, Vancouver or Toronto,” Feehan told The Real Deal at the time. “We wanted to bring the LA experience to New York.”
Production studios in New York City have seen a boom in recent years.
Nearby in Red Hook, Samson Stages plans to convert a warehouse at 744 Clinton Street into a 330,000-square-foot studio and soundstage designed by Bjarke Ingels.
East End Capital is building a 275,000 square foot complex in Sunnyside with three soundstages with ceiling heights reaching 37 feet.
Bain and Bungalow are looking to build 1 million square feet of studio space in New York.
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