Advertisement
Baked In BushwickBaked In Bushwick

Bushwick Art Storage Gets $57 Million Bank Loan For Renovations

The $76 million renovation project at 105 Evergreen Avenue is making big moves.

Bushwick Art Storage Gets $57 Million Bank Loan For Renovations
Advertisement
Baked In BushwickBaked In Bushwick

After news of its imminent facility in Bushwick, high-end art storage company UOVO seems to be making big moves to guarantee quick completion of the new branch. Last week, the company secured a $57 million loan from PNC Bank to fund part of UOVO: BROOKLYN’s  new hefty makeover.

The company says it will be “contributing the remaining equity” of the $76 million renovation project at 105 Evergreen Avenue—that’s still a cool $19 million in self-funded expenses.

This story continues: 230 more words

Read this story free with your email.

Your first story each month is free with a Bushwick Daily account. We’ll email you a code to sign in.

Cover image courtesy of UOVO.

Advertisement
The Cloud Law Firm, strategic legal counsel for consumer brands
Advertisement
Bushwick Yacht Club
Advertisement
Baked In Bushwick
Advertise with Bushwick Daily

Reach all of New York.

Written in Bushwick, read across all five boroughs since 2009.

100,000+ readers a month 500,000+ on Instagram All five boroughs
Advertise with us →
Subscribe to Bushwick Daily