The Real Deal Miami

Florida Crystals’ proposed inland port in Palm Beach to be planned, marketed by IDI

May 24, 2012 04:30PM

Projected view of the Panama Canal in 2014

Florida Crystals, one of Palm Beach County’s largest landowners and an international sugar refiner, is partnering with Atlanta-based developer Industrial Development International to plan and market its proposed new intermodal railyard in Palm Beach County, according to the South Florida Business Journal. The railyard is part of a project to construct three “inland ports” in South Florida to help move additional cargo anticipated after the Panama Canal’s expansion is completed in 2014, as The Real Deal previously reported. According to Scott Helms, senior vice president at IDI, the scarcity of industrial land and high prices in Broward and Miami-Dade counties are the primary reasons inland ports are needed. [SFBJ]