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.
Earlier this month, Sarah Lawrence College opened the newly completed Barbara Walters Campus Center just in time for the class of 2023 to begin first-year coursework. The $35 million project serves as a welcome center and gathering place for those visiting the institution’s Yonkers campus.
Construction of a new $35 million community center on the Sarah Lawrence campus has topped out. Construction of the Barbara Walters Campus Center is making significant progress on the Yonkers campus. Just this late September, they celebrated the installation of the final piece of structural steel. The Sarah Lawrence College is responsible for the development.
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.