Taurus to Develop Industrial Park in Orlando
- Apr 16, 2008
Taurus Investment Holdings has closed on the development financing for 73 acres of land in Orlando via its subsidiary, Taurus Industrial Development L.L.C. The industrial project, located directly north of Orlando International Airport, will consist of 950,000 square feet of Class A distribution and warehouse space. The phased speculative development will initially comprise of 665,000 square feet of distribution space consisting of a 378,000-square-foot cross dock facility and two rear load buildings measuring 135,000 and 145,000 square feet. The property is less than one mile from Florida 417 near Interstate 4 and the Florida Turnpike. The second phase of development will be constructed at a later date. Financing for the project has been provided by Bank of America. The City of Orlando has been proactive in redevelopment since the 1999 closing of the Orlando Naval Training Center. It has directed mixed-use redevelopment projects resulting in the Baldwing Parke and Southport neighborhood. The final mixed-use portion of the Southport project was postponed in July 2007 due to market conditions.