Titusville Logistics Center (orange dot) (Flagler Global Logistics / May 23, 2014)
Real estate firm Flagler is pushing ahead with plans to build a new cargo handling facility, Titusville Logistics Center, near the Space Coast Regional Airport.
Robert Richter, VP of business development with Coral Gables-based Flagler, said there are three sources of traffic:
-- Serving Port Canaveral: “We see there’s a need for all the activity that’s beginning to expand at Port Canaveral. They are attracting clients and new customers. We’re working hand-in-hand with them, to support that growth.”
--Distribution for Orlando: “We think there’s a great niche for this to be a distribution center, primarily for the Orlando market. That would save a day of travel compared to Jacksonville.”
-- Local market: “There are some players in Titusville itself that are growing again now that we’re past the recession. They need some new space also, so it could be a consolidation of local manufacturing.”
Richter said the property is permitted. He said the property is almost shovel-ready.
“We’re not dropping in a large building on speculation, we are waiting for our first tenant to sign on and then we’ll build out,” Richter said.
He said the property is about 230 acres, 188 of which is suitable for building on, that was apparently part of the original Florida East Coast Railroad holdings.
Flagler is also building out a large logistics center near Miami International Airport to handle growing cargo anticipated with that ports post-Panamax expansion. Post-Panamax refers to larger ships that will be able to navigate a widened Panama Canal that is due to open in 2015 after a $5.5 billion project.