A pair of area-based developers continue a surge of big new industrial projects nationwide. NorthPoint Development is ready to start work on a nearly 900,000-square-foot project in the Baltimore area while VanTrust Real Estate LLC recently broke ground on a Georgia project that could reach 4.9 million square feet.
Riverside-based NorthPoint is ready to break ground on the Harbor Logistics Center in the Curtis Bay area of Baltimore. Plans for the project call for three warehouses and another building aimed at attracting e-commerce retailers, the Baltimore Business Journal reports.
The first building is a 263,000-square-foot structure being constructed on a speculative basis, or without a user signed. The building is to be completed by November.
Kansas City-based VanTrust said earlier this month that it had broken ground on a project covering 515 acres near Savannah, Georgia. The Interstate West Industrial project includes a 1.16 million-square-foot warehouse that is to be completed late this year, according to a release published by DC Velocity.
VanTrust and NorthPoint have been among the most active industrial developers nationwide. They also continue to be active closer to home.
In November, VanTrust said it could build as much as 6.5 million square feet of industrial space as part of an expansion of Johnson County’s New Century Business Park. Officials said the expansion could represent a $278.4 million private investment over about 10 years.
NorthPoint is involved in a number of area developments, including a $143 million e-commerce center for Chewy Inc. in Belton, and the Blue River Commerce Center, a project planned to bring seven buildings to the former Bannister Federal Complex in south Kansas City.