What Bungalow Projects does

Bungalow Projects is a New York City-based real estate development firm founded in 2023 by Travis Feehan (formerly Executive Vice President at Columbia Property Trust) and Susi Yu (formerly Founder and Principal of MAG Partners, Executive Vice President at Forest City Ratner Companies). The company specializes in developing sustainable, purpose-built film and television production campuses—specifically all-electric, LEED Gold-certified sound stage facilities—serving film studios, television networks, and streaming platforms that require modern production infrastructure in urban markets.

The company's core products are two flagship Echelon Studios facilities in Brooklyn: Echelon Studios Red Hook (246,000 SF, 4 soundstages of 13,000–19,000+ SF each, 124,000 SF of support/office/mill space, 185+ below-grade parking spaces on 2.0 acres) and Echelon Studios Bushwick (355,000 SF, 6 soundstages of 17,000+ SF, 162,000 SF of support space, 230+ below-grade parking spaces on 3.1 acres). Combined, the portfolio covers 600,000+ SF with 10 soundstages and targets Q2 2027 delivery. Technical differentiators include rooftop solar infrastructure, all-electric production capability, and LEED Gold-targeted construction intended to dramatically reduce carbon footprint relative to legacy NYC studios.

Bungalow Projects operates a development-for-lease real estate model. Capital is sourced through a stack that pairs equity and construction financing from Bain Capital Real Estate (~ $180B AUM) with public-sector participation: a $552M deal with NYC Economic Development Corporation (NYCEDC) and a record-breaking $156M C-PACE financing from CounterpointeSRE. Revenue mechanics rely on development fees, construction management, and long-term leases to film/TV production tenants—a single-segment B2B go-to-market targeting enterprise studios with direct, relationship-based distribution. Currently in pre-delivery status, the company has not yet recognized operational rental revenue and discloses no tenants.

Name

Bungalow Projects

Legal name

Bungalow Projects

Website

https://bungalowre.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Bungalow Projects is a New York City real estate developer founded in 2023 that builds sustainable, all-electric, LEED Gold-targeted film and television production campuses under its Echelon Studios brand for lease to studios, streamers, and content creators.

Ownership category

akta.pro rank

Product category

Film Production Real Estate Development

NAICS

Commercial and Institutional Building Construction (236220)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

Keywords

• Film production real estate
• Commercial real estate development
• Sustainable construction
• Sound stage facilities
• Production campus leasing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Real Estate Development and Property Leasing: Bungalow Projects develops purpose-built film production campuses and generates revenue through property development fees, construction management, and long-term leasing of production facilities to film studios and content creators. The company partners with institutional investors for equity and construction financing, creating a development-for-lease model.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Bungalow Projects develops purpose-built, all-electric film and television production campuses in New York City for lease to studios and content creators. The company secures institutional construction and C-PACE financing, then delivers LEED Gold-certified facilities featuring large-format sound stages, support/office/mill space, and integrated sustainable infrastructure such as rooftop solar. Its flagship Echelon Studios portfolio (Red Hook and Bushwick, Brooklyn) totals 600,000+ SF and 10 sound stages, targeting delivery in Q2 2027.

Product overview

Bungalow Projects operates as a real estate developer specializing in purpose-built film and television production campuses in New York City. The company is developing two flagship facilities under the Echelon Studios brand — Echelon Studios Red Hook (246,000 SF, 4 stages) and Echelon Studios Bushwick (355,000 SF, 6 stages) — which together form a 600,000+ SF portfolio of all-electric, LEED Gold-targeted production hubs. These production campuses offer state-of-the-art sound stages, support spaces, and flexible creative workspaces designed for episodic, film, and digital content creators.

Differentiator

Problem solved

Functional benefit

Products and services

• Echelon Studios Red Hook A 4-stage, 246,000 SF all-electric film production facility in Red Hook, Brooklyn featuring 13,000–19,000 SF sound stages, 124,000 SF of support/office/mill space, 185+ below-grade parking spaces, rooftop solar panels, and LEED Gold-targeted sustainable construction, targeting Q2 2027 delivery for lease to film studios and content creators.
• Echelon Studios Bushwick A 6-stage, 355,000 SF all-electric film production facility in Bushwick, Brooklyn featuring 17,000+ SF sound stages, 162,000 SF of support/office/mill space, 230+ below-grade parking spaces, rooftop solar panels, and LEED Gold-targeted sustainable construction, targeting Q2 2027 delivery for lease to film studios and content creators.

Quantifiable outcome

• 2,400 jobs created from Echelon Studios development
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• NYC Economic Development Corporation (NYCEDC)flagshipStrategic or Co-development Partner · 8 October 2025NYCEDC partnered with Bungalow Projects on the $552 million deal to develop Echelon Studios in Red Hook and Bushwick, Brooklyn. NYCEDC facilitated the transaction and provided support for the all-electric film production facility development, highlighting the studios as a boost to New York City's $81.6 billion film and television industry.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hackman Capital Partners: Largest private operator of film and television studio facilities in the US (Culver Studios, Television City, East Basin Studios in LA), with a portfolio of purpose-built soundstage campuses directly comparable to Bungalow's Echelon Studios development model.
• Hudson Pacific Properties: Public REIT specializing in office and studio properties, owning and operating Sunset Bronson Studios, Hollywood studios, and developing new production facilities; competes directly with Bungalow for streaming and major studio tenants.
• Silvercup Studios: Long-standing NYC film and television production studio operator in Long Island City with multiple stages, support space, and adjacent mixed-use development; a direct Brooklyn/Queens competitor for the same NYC studio tenant base Bungalow is targeting.
• Kaufman Astoria Studios: Iconic NYC film and television studio in Queens that has hosted productions for decades; competes with Bungalow for the same finite pool of major-studio and streaming tenants seeking modern NYC production capacity.
• BARDAS Investment Group: Bain Capital Real Estate's LA partner for the Echelon studio development strategy since 2019; directly comparable as a co-developer of Echelon-branded film studio campuses and a natural comparator for Bungalow's NYC projects.

Broad incumbents

• Tishman Speyer: Major global commercial real estate developer with significant NYC portfolio (Hudson Yards, Rockefeller Center); comparable institutional-grade development capability and city relationships, though not specifically a film studio developer.
• Brookfield Property Group: Global real estate developer and owner with massive NYC office and mixed-use portfolio; comparable institutional capital base and large-project execution but broader mandate rather than studio-specialized like Bungalow.
• NBCUniversal (Comcast): Owns and operates 30 Rockefeller Plaza and Universal Studios backlots; vertically integrated owner-occupier of production real estate that competes as both a potential Bungalow tenant and a self-developer in NYC.

Others

• MAG Partners: NYC real estate development firm founded by Bungalow co-founder Susi Yu prior to Bungalow; comparable NYC mixed-use development platform with overlapping investor base and city relationships relevant to Bungalow's go-forward strategy.

Regional players

• Slate Property Group: NYC-focused real estate developer with industrial-to-commercial repositioning experience in Brooklyn; a regional peer pursuing similar Brooklyn development pipelines and competing for the same institutional capital pool.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bungalow-projects

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bungalow Projects