Innovo Property Group

The Borden Complex Tops Out at 23-30 Borden Avenue in Long Island City, Queens

7:30 am on December 20, 2022 By Michael Young and Matt Pruznick

Construction has partially topped out on The Borden Complex, a five-story industrial building at 23-30 Borden Avenue in Long Island City, Queens. Designed by KSS Architects for Innovo Property Group, which acquired the property for $75 million with Atalaya Capital Management and Nan Fung Group, the 166-foot-tall structure will span 840,000 square feet and house logistics and warehouse space featuring truck courts, a distribution center, two stories of film and television studios, office space, and on-site vertical parking. Earlier this summer, IPG closed on a $435 million loan from Starwood Property Trust and JPMorgan to refinance the development. March Associates Construction is the general contractor for the project, which is located between Borden Avenue and Newton Creek. HLW is the designer of the studio facility within the building.

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2505 Bruckner Boulevard - Design by KSS Architects

Developers Secure $305 Million for Logistics Center at 2505 Bruckner Boulevard in The Bronx

7:30 am on April 3, 2020 By Sebastian Morris

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.

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640 Columbia Street, via Google Maps

Permits Pre-Filed for 640 Columbia Street, Red Hook, Brooklyn

6:30 am on June 18, 2018 By Andrew Nelson

Permits are now processing for a sizable new three-story building at 640 Columbia Street, in Red Hook, Brooklyn. The filings confirm movement on a new multi-level commercial distribution center by Dov Hertz and the Innovo Property Group, making this the second large warehouse by the pair in the Five Boroughs. Their first project, still under development, is 2050 Bruckner Boulevard in the Bronx. The Red Hook site would be right next to IKEA, with close proximity to the I-278 and I-478, which would give trucks quick access to Manhattan, Long Island, and New Jersey through Staten Island.

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2505 Bruckner Boulevard, design by KSS Architects

First Look at Multi-Level Commercial Distribution Center Coming to 2505 Bruckner Boulevard, The Bronx

7:30 am on January 30, 2018 By Andrew Nelson

The redevelopment of the riverside commercial site at 2505 Bruckner Boulevard, Schuylerville, has long been a mystery. Our last reporting on the project was back in 2015, when Extell acquired the 20 acres of land. The property has since passed along to Innovo Property Group and Square Mile Capital Management LLC, who will be building a massive, two-story, 840,000 square feet commercial distribution center. With two different levels of loading and unloading, it will be the first of its kind for the city, allowing for speedier and faster service on site.

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