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

TRD New York /
Aug.August 27, 2018 03:30 PM

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

Related Articles

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

From left: Pavel Fuks, Michael Cohen, Felix Sater, and Donald Trump (Credit: Getty Images and Wikipedia)

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Rodrigo Niño (Credit: Prodigy Network and iStock)

Embattled Prodigy Network CEO Rodrigo Niño to step down