Prologis has proposed a major expansion to its Beacon Lakes Business Park.
San Francisco-based Prologis (NYSE: PLD), one of the largest industrial developers in the United States, filed a pre-application with county officials for the 39-acre site on both sides of Northwest 10th Street, just west of the State Road 836/Dolphin Expressway ramp onto Northwest 137th Avenue. It’s directly south of the Cemex concrete plant at 1200 N.W. 137th Ave.
The developer acquired the site for $22.7 million in late 2020.
Under the plans for building 46 at Beacon Lakes, the developer would build a 553,705-square-foot warehouse with 40-foot clear height. It would have 510 parking spaces, including 44 electric vehicle charging spaces, and two new lakes for water retention.
The project was designed by Boca Raton-based RLC Architects. Miami-based attorney Tracy Slavens represents the developer in the application.
“The project will provide much needed warehouse/distribution uses in this area of the county, and will ensure the county is able to draw and keep competitive, international logistics and distribution companies,” Slavens stated in the application.
Prologis has been developing the 500-acre Beacon Lakes for about 18 years. In fact, it has a pending application for buildings 44 and 45 in Beacon Lakes.
“This application is part of our strategy to develop modern, high quality industrial properties in Miami,” a Prologis spokesperson stated. “We’re currently in the early stages in the design and entitlements process for Beacon Lakes Building 46 and look forward to delivering a completed building that meets our customers’ evolving needs.”
According to the third quarter report from Colliers International, there was 3.18 million square feet of industrial space under construction in Miami-Dade County. The positive net absorption was 5 million square feet year-to-date.