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Multistory Warehouses Require Multistory Rents

New York is starting to get comfortable with the idea of growing its industrial warehouse space vertically instead of horizontally.

Several multistory warehouses, which are common in Asia, are under development in the Bronx, Brooklyn and Queens. Rising on 14 acres in an Opportunity Zone in the Hunts Point neighborhood is the Bronx Logistics Center, a 1.3 million square foot multistory warehouse scheduled to be completed by the end of this year. The $381-million project is a joint venture of Turnbridge Equities and Dune Real Estate Partners.
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Warehouses In The Sky: Multi-Level Projects Ramp Up

There was nowhere to go but up.

In 2016, Dov Hertz, the No. 2 person at Gary Barnett’s Extell Development, made a late-career leap and started his own shop. He decided to focus on industrial, though as a New York City developer he had no experience with it: New Jersey’s sprawling industrial parks, comprising some 800 million square feet, had long served as the city’s warehouses. But there was talk about shortening delivery times, and the traffic-choked truck routes across the Hudson River weren’t getting any less crowded.
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Eight Ways Warehouse Construction Has Evolved

The e-commerce revolution has had a major impact on the design and construction of supply chain facilities. Here are eight ways that these projects have transformed over the past few years.

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