Bruckner center to open in mid-2022
BY ROBBIE SEQUEIRA
The nation’s largest
two-story logistics and
distribution building that
is being built on the former
home of the Whitestone
Multiplex Cinemas
will open in mid-2022, a
spokesperson from Innovo
Property Group confi
rmed with the Bronx
Times last week.
The facility, being developed
at 2505 Bruckner
Blvd., by Innovo Property
Group and Square
Mile Capital Management,
will total one million
square feet, including
595,000 square feet
of warehouse space and
374,000 square feet of
parking and will include
tenants such as tech giant
Amazon and Home
Depot.
In 2017, Innovo Property
Group and Square
Mile Capital bought the
20-acre site at 2505 Bruckner
Blvd. for $75 million
from Extell Development,
with the long-term goal to
build a multilevel, 840,000
square-foot warehouse
for e-commerce companies.
In April 2020, the
partners secured $305
million from investors
Bank OZK and EverWest
Real Estate Investors in
construction loans for the
project.
The new 2505 Bruckner
fulfi llment center
will feature charging stations
for electric vehicles,
direct loading onto the
second fl oor, panels for solar
power and a roof area
that will enable drone deliveries.
The siting of the
center has direct delivery
benefi ts given its proximity
to the Cross Bronx
Expressway, the Bruckner
Expressway and the
Hutchinson River Parkway.
It would allow for
same-day deliveries in
the Bronx for the fi rst
time, project partners
state. The property had
previously been used as
a parking lot for school
buses and trucks before
demolition went underway
this spring.
The redeveloped property
will have cuttingedge,
modern features,
including direct loading
on the fi rst and second
fl oors, each with a 130-
foot truck court.
The facility will include
133 exterior parking
spaces for trailers
and box trucks as well
as 664 interior parking
spaces for cars and
sprinter vans. The building
has been designed to
add electric car charging
stations in the parking
structures and solar panels
on the roof.
The Whitestone Multiplex
Cinema operated
at the Bruckner location
since 1983, before closing
its doors in 2013. The
Lightstone Group, a Manhattan
based real estate
company, purchased the
property in 2012 for $30
million, with plans for
a Woodbury Commonsstyle
outlet mall there.
When that project fell
through, however, Lightstone
sold the property
in 2015 to Extell Development
for $41 million.
BRONX TIMES REPORTER, N 2 OV. 26-DEC. 2,2021 BTR
Construction on a multilevel, 840,000-square-foot warehouse for e-commerce companies
such as Amazon and Home Depot is nearing completion at the old Whitestone Multiplex
Cinema site. Photo Pablo D. Castillo Jr.
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