Latest Permit Filing Adds to NYC’s Growing Inventory of Vertical Warehousing Projects

Australia-based industrial developer Goodman Group recently filed plans for a 5-story, 880,000-square-foot warehouse at 40-40 Northern Boulevard. The structure that will reach a linear height of 200-feet will deliver New York City’s tallest warehouse. As developers seek to capitalize on increased demand for last-mile delivery locations, there has been a growing shift of the warehousing industry from New Jersey directly into New York city. First starting to appear in New York City after 2017, Goodman’s project is one of nine multi-story warehouse projects that total 7.3 million square feet such as Innovo Property Group and Affinius Capital’s planned 1.1 million-square-foot, 2-story industrial complex at 2505 Bruckner Boulevard in the Bronx, Innovo’s planned 180-foot-tall, 680,000-square-foot warehouse at 28-90 Review Avenue and soon to be delivered 5-story, 842,000-square-foot project at 23-30 Borden Avenue — both in Long Island City, Queens, and the 5-story, 1.1 million-square-foot Grand Logistics Center in Flushing, Queens that completed construction this year by developer RXR Realty and LBA Logistics.