Bridge breaks ground on industrial project in Hialeah Gardens

Miami /
Jul.July 20, 2016 03:45 PM

With a self-imposed deadline of year-end 2016 just around the corner, Bridge Development Partners has broken ground on the latest piece of its Bridge Point Crossroads industrial project in Hialeah Gardens.

The Chicago-based firm announced this week that it’s begun construction work on a pair of warehouse buildings totaling 420,989 square feet at the corner of Northwest 109th Avenue and Northwest 148th Street.

Dubbed Bridge Point Crossroads East, the two buildings are going up on a 28-acre development site that Bridge Development Partners purchased for $10 million two years ago, according to county records.

Both will feature 75 truck doors, high-powered ESFR sprinkler systems and 32-foot clear heights. The project will also enjoy quick access to major transport arteries like SR-27, Florida’s Turnpike and I-75 — a big plus for industrial tenants. The buildings’ expected completion date is 2016’s fourth quarter.

Bridge has gone on a virtual development spree in South Florida over the past few years: the firm is building a project in Fort Lauderdale and two other phases of the Bridge Point Crossroads project in Hialeah Gardens, and has delivered similar speculative product in Davie and Dania Beach.

All told, the projects add up to just under 1.8 million square feet of product.

In Miami-Dade, the company cites its low industrial vacancy rate of 4 percent as a major reason it’s chosen to build so much product. — Sean Stewart-Muniz


Related Articles

arrow_forward_ios
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
50 and 60 Northeast Third Street and 222 and 234 Northeast First Avenue (Google Maps)
Namdar pays $41M for downtown Miami apartment towers dev site
Namdar pays $41M for downtown Miami apartment towers dev site
Rockpoint's Bill Walton and Keith Gelb with the Shops at Mary Brickell Village (left), 1221 Brickell (middle), and 911 Southwest First Avenue (right) (Rockpoint, Google Maps, Twitter)
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
rendering of the Nautilus 220 condo project with Developers Daniel Kodsi of Royal Palm Companies and Peter Baytarian, managing partner at Forest Development (LinkedIn, Forest Development, VS Studios)
Forest Development, Royal Palm nab $269M condo construction loan
Forest Development, Royal Palm nab $269M condo construction loan
From left: Oak Row Equities' David Weitz and Erik Rutter with Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
LCOR's Anthony Barsanti and Anthony Tortora with 1775 Biscayne Boulevard (LCOR, Zillow) Arts & Entertainment District
Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower
Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...