2505 Bruckner Ave. 2505 Bruckner Ave., industrial warehouse in the Bronx/ architectural rendering provided 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.

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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.

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