# NEW YORK | 900 East 132nd Street | FT | FLOORS

**URL:** <https://forum.newyorkyimby.com/t/new-york-900-east-132nd-street-ft-floors/20987>\
**Category:** Proposed\
**Created:** [February 1, 2022, 7:00pm UTC](https://forum.newyorkyimby.com/t/new-york-900-east-132nd-street-ft-floors/20987 "2022-02-01T19:00:23Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![Mackensen](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/mackensen/32/138218_2.png) [@Mackensen](https://forum.newyorkyimby.com/u/Mackensen)\
**Post date:** [February 1, 2022, 7:00pm UTC](https://forum.newyorkyimby.com/t/new-york-900-east-132nd-street-ft-floors/20987/1 "2022-02-01T19:00:23Z")

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„ Prologis is making a play for a huge industrial site in the South Bronx.

The warehouse REIT is in late-stage talks to buy the former News Corp. printing plant in Port Morris, sources familiar with the negotiations told _The Real Deal._

The roughly 400,000-square-foot facility sits on 16 acres, about the size of the World Trade Center site. The purchase price wasn’t immediately clear, but a person familiar with the talks said Prologis plans to spend more than $600 million to acquire and develop the property.

A representative for Prologis did not immediately respond to a request for comment.“

> **[Prologis Eyes Huge South Bronx Printing Plant Site](https://therealdeal.com/2022/02/01/prologis-eyes-massive-south-bronx-site/)**
>
> The warehouse REIT is in talks to buy the former News Corp. printing plant in the Bronx, a 400,000-square-foot facility that closed last year.

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**Author:** ![YIMHudson](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/yimhudson/32/2304_2.png) [@YIMHudson](https://forum.newyorkyimby.com/u/YIMHudson)\
**Post date:** [February 1, 2022, 7:04pm UTC](https://forum.newyorkyimby.com/t/new-york-900-east-132nd-street-ft-floors/20987/2 "2022-02-01T19:04:22Z")

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this doesn’t sound like a redevelopment prospect, its probably just a typical real estate transaction. Prologis will purchase the warehouse and make money by finding a company to work there. This is a valuable distribution location since The Major Deegan runs through Port Morris and connects to the Triboro and I95.

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**Author:** ![crawdad](https://avatars.discourse-cdn.com/v4/letter/c/2acd7d/32.png) [@crawdad](https://forum.newyorkyimby.com/u/crawdad)\
**Post date:** [February 1, 2022, 7:37pm UTC](https://forum.newyorkyimby.com/t/new-york-900-east-132nd-street-ft-floors/20987/3 "2022-02-01T19:37:06Z")

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They’ll probably redevelop it, because it’s a printing plant, not a warehouse. And Prologis has recently been developing vertical multilevel warehouse structures in the NYC area, given the space constraints and extreme need for distribution space.

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**Author:** ![007](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/007/32/119215_2.png) [@007](https://forum.newyorkyimby.com/u/007)\
**Post date:** [June 27, 2022, 1:15pm UTC](https://forum.newyorkyimby.com/t/new-york-900-east-132nd-street-ft-floors/20987/4 "2022-06-27T13:15:59Z")

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> **[L+M Development | Omni New York | Harlem River Yards](https://therealdeal.com/2018/04/18/lm-omni-propose-2b-complex-in-south-bronx/)**
>
> L+M Development and Omni New York have teamed up to propose a $2.2 billion, 2,000-unit housing complex for the South Bronx waterfront.