Construction has begun on the first phase of Lovett Industrial‘s 610 Business District industrial project in Houston, Texas. The locally-based real estate investment firm plans to develop two Class A industrial buildings totaling 388,795 square feet.
Phase I of the 610 Business District will bring speculative industrial buildings to the growing south Houston market. However, this is only a portion of the developer’s 113-acre business park, located at Mykawa Road and Dixie Drive. For other future phases, Lovett expects the park to accommodate up to 1 million square feet of development.
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Development plans for the 610 Business District
Construction on phase I of the 610 Business District is scheduled for completion by August 2023. Upon completion, this initial phase will feature a 291,459 square-foot cross-dock building with a 36’ clear height. Another 97,336 square foot front-load building will also be built with a 32’ clear height. On top of that, both buildings will also offer ample auto and trailer parking, including outside storage spaces for tenants.
Andrew Jewett Sr., Nathan Wynne, and Jason Dillee of CBRE will be in charge of marketing the 610 Business District development. Meanwhile, ALJ Lindsey is serving as a civil engineer, More Architecture is the architect and Alston Construction is the general contractor.
According to Lovett Industrial, the 610 Business District’s tenants will benefit from its close proximity to the Port of Houston. In addition, the Texas Medical Center, Hobby Airport, and Downtown Houston are also within its vicinity. Furthermore, the infill location provides access to 2.6 million people within a fifteen-mile radius and a large labor force.
Lovett Industrial’s Senior Managing Director, Seth Flechsig said the project was an excellent location with immediate access to Houston’s Loop 610. Therefore he said the new Business District, would be beneficial for distribution and manufacturing businesses in the south Houston market.
Besides the 610 Business District, Lovett Industrial is also working on Nexus North Logistics Park, a 567,140-square-foot cross-dock industrial facility. The development is located off U.S. 59 and Greens Road near Beltway 8 in north Houston. The developers expect this project to reach completion by May 2023.
