GSR Andrade is proud to be a part of the great team on the Urban District 30 Project in Mesquite, Texas! We are looking forward to the completed project in the third quarter of 2020!
Breaking Ground in Mesquite! Ground broke this week on the Urban A joint venture between Dallas-based Urban Logistics Realty and Crow Holdings Capital is underway with a five-building, 980,000-square-foot industrial park called Urban District 30. Located at the northeast corner of Interstate 30 and I-635 in Mesquite, the project’s buildings will range in size from 380,700 square feet to 130,000 square feet. The entire project will be built at once and as spec space, with Matt Dornak, Blake Kendrick and Drew Feagin of Stream Realty Partners handling leasing and management duties of the complex.
MYCON General Contractors is building the project, while GSR Andrade Architects has designed it. JLL arranged the capital for the project, including a construction loan from Comerica Bank. Though the cost of the project was not disclosed, multiple documents submitted to the Texas Department of Licensing and Regulation suggest that the entire development could cost over $26 million. More than 500 jobs are also expected to be generated from the project.
“The increasing tenant demand and limited supply of functional industrial space in northeast Dallas positions this development very well in the market,” said Dornak, vice president of Stream Realty, in a statement. “We are confident that the project will see fast success, proving to be a top-tier location for future tenants.”