The Real Deal New York

Steven Guttman’s art storage company to spend up to $100M on second location in New York

New facility would span 150K sf at 105 Evergreen Avenue in Bushwick
August 27, 2018 03:30PM

105 Evergreen Avenue in Brooklyn (Credit: LoopNet)

The art storage company Uovo is buying its second location in Bushwick.

Uovo, founded by developer Steven Guttman, is in contract to buy 105 Evergreen Avenue, a two-story warehouse spanning 150,000 square feet, according to Crain’s. Guttman plans to spend up to $100 million on purchasing and renovating the building into a facility that will store prized art.

Guttman previously purchased a site on 22nd Street in Long Island City, where he built a roughly 300,000-square-foot storage facility. The Bushwick facility will include climate control, security and protection from flooding and light.

Uovo has two storage facilities in Rockland County as well. The Bushwick facility should be open by fall 2019.

Guttman told Crain’s in a statement that since launching in 2014, the company has seen “unprecedented demand” for art storage services. [Crain’s] – Eddie Small