2505 BrucknerAve., industrial warehouse in the Bronx/ architectural renderingprovided by Innovo Property Group
NEW YORK CITY—Innovo Property Group and Square Mile Capital are building a 700,000 square-foot multistory industrial warehouse on 20 acres at 2505 Bruckner Blvd. in the Bronx. Unique factors driving the demand behind the project include “the combination of a highly dense, highly trafficked area and very impatient people,” says Andrew Chung, Innovo's CEO.
His company saw a game changer—the trend from e-commerce demanding faster and faster delivery. It's the convenience of online shopping with the immediacy of acquisition that comes with brick-and-mortar retail. They plan for Bruckner to break ground in 2019 and to open in 2020.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
