New industrial park near U.S.-Mexico border begins construction

0
226
Image Credit: Otaycrossings.com

Construction began recently near the United States-Mexico border on a 311-acre industrial park that developers hope will take advantage of the flood of imports and exports, the San Diego Union Tribune has reported.

The Otay Crossings Commerce Park, in the works since 2007, is one of the largest industrial developments in San Diego County in years, costing $50 million to $60 million to develop the barren site. It is a partnership of two Southern California companies, developer and property manager Kearny Real Estate Company and real estate investment firm PCCP, according to the report.

Kearny’s senior vice president Jeff Givens said the goal at Otay Crossings is to have facilities for trucks to come and go that can accommodate warehouse, storage and distribution facilities.

The site is located near plans for an extension of State Route 11 that will connect to SR-905 and SR-125. It is also near plans for a new border crossing that is expected to speed up truck delivery times called Otay Mesa East, also known as Otay II.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.