Bain Capital Expands Brooklyn Presence With Major Red Hook Studio Project

• Bain Capital is co-developing a major production studio project at 145 Wolcott Street in Red Hook, Brooklyn.
• The six-story facility will span more than 155,000 square feet and include soundstage-focused production space.
• John P. Connaughton, Chairman of Bain Capital, continues overseeing the firm’s broader real estate and investment strategy as the company expands into large-scale mixed-use and media-oriented developments.

What Bain Capital Is Building in Red Hook

Bain Capital is deepening its footprint in Brooklyn through its joint venture development at 145 Wolcott Street, one of the largest commercial projects currently underway in Red Hook.

The project, being developed alongside Bungalow Projects, will bring a six-story production studio facility to the growing waterfront neighborhood. Designed by COOKFOX Architects, the building is expected to total roughly 155,000 square feet once completed.

Plans include multiple loading berths, large enclosed parking areas, and expansive soundstage-style spaces aimed at serving New York’s expanding media and production industries.

What the Project Says About Bain Capital’s Real Estate Strategy

The Red Hook investment reflects Bain Capital’s continued push into large-scale urban redevelopment projects tied to long-term growth sectors like entertainment, logistics, and mixed-use real estate.

While Bain Capital is widely known for private equity and institutional investing, the firm has steadily expanded its real estate platform in recent years through projects targeting high-growth urban markets.

The Red Hook studio project aligns closely with rising demand for production infrastructure in New York City as film, streaming, and digital media companies continue increasing studio and content creation needs.

What John P. Connaughton’s Leadership Means for the Firm

As Chairman of Bain Capital, John P. Connaughton remains one of the key executives guiding the firm’s broader investment direction across multiple sectors, including commercial real estate and development.

Under Connaughton’s leadership, Bain Capital has continued diversifying into projects tied to evolving consumer, infrastructure, and media trends. Developments like 145 Wolcott Street highlight how institutional investors are increasingly targeting real estate assets connected to entertainment and creative industries rather than traditional office-only investments.

The Red Hook project also demonstrates how major investment firms are partnering with local developers to reposition former industrial neighborhoods into modern mixed-use districts.

What This Means for Red Hook’s Transformation

Red Hook has increasingly become a focal point for adaptive reuse, production space, residential development, and waterfront investment throughout Brooklyn.

Former warehouse and industrial areas are now attracting significant institutional capital as developers capitalize on large parcels, waterfront positioning, and growing demand for creative commercial space.

The Bain Capital-backed studio project is one of several developments helping reshape the neighborhood into a more active mixed-use environment connected to media, residential, and retail growth.

What the Industry Will Watch Next

Construction at 145 Wolcott Street is expected to continue through 2028 as crews move deeper into structural work.

For commercial real estate investors, the project serves as another example of institutional firms betting heavily on alternative asset classes tied to entertainment production and urban redevelopment.

As Brooklyn’s industrial neighborhoods continue evolving, projects backed by firms like Bain Capital could play a major role in shaping the borough’s next generation of commercial real estate activity.