Rendering of the Borden Complex. Rendering courtesy of Innovo Property Group
July 9, 2024 By Ethan Marshall
Construction of the Borden Complex, a 5-story industrial building at 23-30 Borden Ave. in Long Island City, is nearly completed.
The 166-foot-tall, 840,000-square-foot building has topped out, and its facade is almost finished. The development is expected to be completed before the end of the year.
Approximately 220,000 square feet of the complex will be occupied by the film and television studio Borden Studios, which will be managed by the operating and production services company The MBS Group.
Borden Studios will lease the top two floors. This space will feature four NC-25 sound-rated sound stages, ranging from 11,800 to 16,200 square feet. These sound stages will have 40-foot ceilings and fully retractable walls. The walls will have a Sound Transmission Class rating of 53, allowing for the stages to open to two spaces that each doubles in size.
The building will also include 110,000 square feet of warehouse space, 43,000 square feet of office space, 56,000 square feet of support space, and more than 8,800 square feet of outdoor space.
The complex will also feature a distribution center, truck courts, and on-site vertical parking. The latter comes via a 28,000-square-foot multistory parking structure, which will allow for easy accessibility to each level of the building. The parking structure will have a 32-foot-wide parking ramp meant to allow for an easy entrance and exit for large vehicles like trailers and trucks.
Located on a parcel between Newtown Creek and Borden Avenue, the Borden Complex broke ground in the summer of 2022. It was designed by the architectural firm KSS Architects for the real estate developer Innovo Property Group.
The property was acquired by Innovo Property Group, alongside the investment advisory firm Atalaya Capital Management and Nan Fung Group, for $75 million. Earlier in the summer, Innovo Property Group received a $435 million loan to refinance the development from Starwood Property Trust and J.P. Morgan.
Besides Borden Studios, Innovative Property Group has not yet announced what other tenants will be occupying the complex.
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