Two New, All Electric, Film Studios in Brooklyn

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Episode Transcript

(00:00):
Projects will offer 600,000 square feet of studio space,
including ten new sound stages. Bolstering NYCS 81.6 billion
film and television industry facilities will create 2400
total jobs associated with studio operations and
construction. Both studios will be 100%

(00:23):
electric and will support local workforce development programs
in collaboration with Real Worksand Hook Arts Media.
New York City Economic Development Corporation Nisek,
New York City Industrial Development Agency, Niseida and
Bungalow Projects announced the closing of two transactions
totalling 552,000,000 to supportthe construction of two high end

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film and television production studios in Brooklyn, one at 176
Dyckman St. in Red Hook and another at 242 Zeigel St. in
Bushwick. The two Brooklyn studios will be
branded as Echelon Studios and will serve as economic and
industry drivers, generating 2400 jobs between studio

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operations and construction and creating approximately 600,000
square feet of state-of-the-art facilities that will accommodate
high budget productions and fillNew York City S under supply of
purpose built stages critical toindustry growth.
Once completed, these new facilities will help New York
City S media and entertainment industry meet the demand for

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state-of-the-art production facilities to compete on a
global scale. According to a Mayor S Office of
Media and Entertainment MO M study published in 2021, New
York City S film and television industry is directly responsible
for more than 185,000 jobs, 18.1billion in wages, and 81.6

(01:56):
billion in economic output. The Film and Media industry
offers high wage jobs averaging 121,000 annually, which is
roughly 33% higher than the average city wage, as well as
career pathways for workers without college degrees.
The two studios will feature state-of-the-art industry

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specifications including column free sound stages with clear to
grid heights of 40 feet, significant below grade parking
space, high production support to stage space ratios, and top
of market electrical, HVAC and floor load capacity.
The details of each project include Echelon Studios,

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Bushwick, 135,345 square feet ofland, 355,000 square foot
facility, 6 floors, 90,800 square feet of below grade
parking, over 230 spaces, 6 stages.

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Designed for three large high budget film or television
productions at a time. Echelon Studios, Red Hook.
85,000 square feet of land, 246,000 square foot facility, 6
floors, 56,000 square feet of below grade parking, over 185

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spaces, 4 stages. Designed for one to two large
high budget film or television productions at a time,
Sustainability and workforce development will be embedded
into both projects, ensuring their long term resilience and
benefit to the community. Both facilities will seek LEED

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Gold certification and will be 100% electric with over 25% of
electric demand expected to be supported by rooftop solar
panels. Will build planted rooftop
terraces enabling rainwater collection and will work with a
sustainability advisor that specializes in sustainability

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practices for the film and television industry.
In addition, Bungalow Projects will partner with Real Works and
Hook Arts Media to support workforce development programs
in the community. Bungalow Projects will support
Real Works Media MKRS Career Development program which trains
New York youth for careers in film and television production

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and post production. This includes a program
partnering with New York City Housing Authority Nika to
recruit out of school, out of work youth.
Similarly, with support from Bungalow Projects, Hook Arts
Media will also develop tailoredcommunity based media education
programs targeting residents of Red Hook and Bushwick Echelon

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Studios. Red Hook will build on ongoing
economic and workforce development projects in the Red
Hook community. Just last month, Nissan
connounced the passage of a historic vision plan to turn the
Brooklyn Marine Terminal BMT into a modern maritime port and
create a vibrant mixed-use community along the Brooklyn

(05:13):
waterfront. The proposal, which is backed by
418 million in city, state and federal investments, will
transform the disinvested marineterminal into a 60 acre all
electric maritime port that can once again serve as a key
economic driver for the community and city.

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In addition to a revitalized port, the plan will also create
6000 new homes, including over 2400 permanently affordable
units, as well as at least 28 acres of public space, 275,000
square feet of commercial space,250,000 square feet of community

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facility space, and 275,000 square feet of light industrial
and industrial space at discounted rents.
A total of 200 affordable units will be reserved on site for
Nika Red Hook Houses East and West Residence and 50 affordable
units will be reserved for Nika,Wyckoff and Gowanus Houses

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Residence. Additionally, a 75,000,000 fund
to preserve or create affordableunits off site in Community
Board 6 will be created and an additional 200 million will be
allocated to Nicorette Hook Houses East and West.
The plan, which covers a total of 122 acres, will also deliver

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vital resiliency and infrastructure upgrades for the
area while generating an estimated 18 billion in economic
impact. 37,000 temporary construction jobs and 2000
permanent jobs. About Nissek New York City
Economic Development Corporationis emission driven nonprofit

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organization that works for a vibrant, inclusive and globally
competitive economy for all New Yorkers.
We take a comprehensive approachthrough 4 main strategies.
Strengthen confidence in NYC as a great place to do business,
grow innovative sectors with a focus on equity, build
neighborhoods as places to live,learn, work, and play, and

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deliver sustainable infrastructure for communities
and the city's future economy. To learn more about what we do,
visit us on Facebook X LinkedIn and Instagram.
About Nisaida New York City Industrial Development Agency
Nisida supports business growth,relocation, and expansion across

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the five boroughs by lowering the cost of capital investment.
Nisida S tax incentive programs bolster the local economy,
create jobs for New Yorkers, anduphold the city S position as a
global business hub. About Bungalow Projects Based in
New York City and founded in May2023, Bungalow Projects is a

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full service real estate investment and development firm
pioneering the future of episodic film and digital
content creation by constructingsustainable and cutting edge
production hubs to nurture the world as creative visionaries.
For more information, visit bungalore.com.