Art-collecting real estate developer Steven Guttman is combining two passions with a new facility he is building in Long Island City. His development, dubbed Uovo Fine Art Storage, after the Italian word for “egg,” will be the first custom-built fine art storage facility in New York, the Wall Street Journal reported, citing project officials. Generally, art storage spaces are built in modified existing buildings.
“I go and look at the space, and they’re all old buildings,” Guttman, who runs company Storage Deluxe and is the former CEO and chairman of Federal Realty Investment Trust, told the Journal. “As a real estate developer, I said, ‘Boy, this is interesting.’” [more]