23-30 Borden Ave. (Google Maps)
Jan. 11, 2021 By Michael Dorgan
A developer has filed plans to construct a 5-story warehouse in Long Island City that is expected to be occupied by e-commerce companies.
Innovo Property Group, a Manhattan-based company, filed permits with the Department of Buildings on Dec. 14 calling for a 166-foot tall structure to go up at 23-30 Borden Ave.
The building would consist of three stories of industrial space and two stories of studio and accessory space, according to the plans. It would be more than 840,000-square-feet in size when completed.
The warehouse would be a state-of-the-art, last-mile distribution facility, designed to serve the region’s growing e-commerce market, according to Innova’s website.
The developer says the Queens site is attractive since it is also close to Manhattan, via the Midtown Tunnel, and Brooklyn, being near the Pulaski Bridge.
Innovo bought the 4.7-acre industrial site in 2019 for $75 million. The company partnered with Atalaya Capital Management, a Manhattan-based investment firm to make the purchase.
The site previously served as the headquarters of online grocer FreshDirect, which moved to the Bronx in 2018.
(Google Maps)
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One Comment
Amazon still got what it wanted but as a warehouse