The development team behind a waterfront logistics center in The Bronx’s Schuylerville neighborhood has secured $305 million in financing to fund construction. The New York City-based developers include Innovo Property Group and Square Mile Capital Management, who worked with Bank OZK and the Structured Finance platform of EverWest Real Estate Investors to structure the deal.
Located at 2505 Bruckner Boulevard, the development is strategically positioned near the junction of several major highways including the Cross Bronx Expressway, the Hutchinson Rover Expressway, and the Bruckner Expressway with several bridges just minutes away. The building is designed by KSS Architects and will comprise 968,000 square feet and support a logistics and distribution facility.
The first floor of the building spans approximately 283,000 square feet including offices, warehouse space, loading docks, and parking. Floor plans include 32-foot-tall ceiling heights, 40-foot by 40-foot column spacing, as well as cross-docked loading with 74 dock doors and two drive-in doors.
Interiors at 2505 Bruckner Boulevard – Design by KSS Architects
Section illustration of 2505 Bruckner Boulevard – Design by KSS Architects
The second level will comprise 285,000 square feet with additional warehouse and office space as well as trucking ramps and elevated loading docks. At this level, ceiling spans reach 28 feet high with 80-foot by 80-foot column spacing, 37 loading dock doors, and two drive-in doors.
In total, the development will be able to accommodate 730 cars, 125 box trucks, and eight spaces reserved for large trailers. The facility will also support charging stations for electric vehicles and feature a rooftop solar panel array.
The financing was arranged by a team of agents from Cushman & Wakefield. JLL will serve as exclusive broker and leasing agent with a focus on e-commerce, third-party logistics, and omni-channel retail companies. The development is expected to debut in the first quarter 2022, a timeline pushed back almost two years from the original announcement of the project.
Section diagram of 2505 Bruckner Boulevard – Design by KSS Architects
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
A winning proposition. Water access potential?
Will be publically accessible green space but not sure about the viability of a dock.
They should build another bridge on Lafayette Avenue to help traffic
Traffic is much worse at the Bronx River crossings. I can’t imagine the city prioritizing a crossing there.
This project is too large for the area it is in. It will cause major traffic issues unless there are more ways to get in and out of the site.
The location is good but some of the roads to the facility will require modification. Fortunately the Westchester Creek/Unionport Bridge is being rebuilt, which is probably the biggest bottleneck in the area.
Likely the most logical place to place smog, pollution and asthma. Likely a goodndistance from the sexy parts of the bronx.
Plus its next to roadways so the environmental impact will be forgotten.
Such a large impact on the small community of Ferry Point (Throggs Neck). Ferry Point Park should be benefiting from some waterfront restoration or a Tot Park or baseball field at least. Where are the elected officials and community board requesting some amenities to the affected surrounding community???
Great this is exactly what we need more pollution, more traffic, more asthma in a neighborhood that’s suffering already with all types of pollution related illnesses. More money for the rich while the neighborhood suffers from the impact of this monstrosity of a building. Nice job planners. People in this neighborhood don’t count.
Don’t forget, you also need to build a new ramp by sherwin Williams to get on the Crossbronx Expressway
To mitigate the traffic on the service road and build a sound wall for the added noise that you geniuses will be generated
Creating more job, excellent! Yes more traffic but once bridge is finished and no traffic pattern changes this should be great for the community in the forgotten Bronx. My husband is a CDL clean driving record professional with over 30 years experience he would definitely consider work!
Where and when are they hiring. I would be interested in working in the offices
Hurray!
More Buildings!
More People!
More Density!
More Traffic on our streets, subways and busses, etc.,
While our fragile infrastructure
continues to crumble.