Fort Lauderdale-based Hernandez Construction recently filed notice with the county that it started construction of two warehouses called Sycamore Logistics Center. The project is located at 9800 N.W. 87th Ave. and 8593 N.W. 96th Street along the river just south of U.S. 27.
The spec warehouse project located in Transal Park is 75% complete and scheduled for delivery by the end of 2023. The 32′ clear, rear-loaded building features 32 dock doors, 110 auto parks and provides immediate access to Miami International Airport.
A new report by Colliers says the industrial market will, in short, remain in landlord’s territory, Prologis agrees by recently saying the competition for industrial space will increase in 2024.
A concept called the Rule of 1.5 finds that transportation issues impact real estate 1.5 years later. In other words, the concerns specific to the supply chain sector today, will be addressed by industrial real estate over the next 18 months with every year having a new wrinkle.
Anticipated to be completed in June 2024, this new roadway will significantly improve accessibility across the city and provide direct access to Bridge Industrial’s newest state-of-the-art South Florida logistics park: Bridge Point Doral.