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Innovo Aims to Raise Funds for Bronx Industrial Site

450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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Innovo Plans Massive Industrial Project in Long Island City

Innovo Property Group’s Andrew Chung and the LIC property (IPC)
Long Island City may have lost out on Amazon’s corporate campus, but the area is quickly becoming New York’s unofficial package headquarters.
Andrew Chung’s Innovo Property Group plans to build an 842,175-square-foot, five-story warehouse at 23-30 Borden Avenue in Long Island City. The last-mile distribution facility will have three stories of industrial space and two stories of studio and accessory space, according to plans filed with the Department of Buildings.
Innovo partnered with Atalaya Capital Management and Hong Kong-based Nan Fung Group to buy the property about two years ago for $75 million from Atlas Capital Group. ....

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