Titan Development will begin work in Hutto in the next two months, according to the company’s Director of Development Darin Manning.
Manning was the guest speaker at the Hutto Economic Development Corporation and the Hutto Area Chamber of Commerce power breakfast Thursday. He said the company is anxious to get started on the speculative building project at Innovation Business Park, across from the East Williamson County Higher Education Center on the city’s northwest side.
Manning said the company will hire local contractors to work on the original 150,000-square-foot facility that will lease space to tenants looking for a minimum 32,000 square feet of space to the whole building for one tenant. He also said the company raises money through institutional investors, allowing Titan to “be nimble and move quickly” as opposed to the pace of having to secure financing.
“We will be very competitive for our lease rates and build an efficient building,” Manning said, noting the state-of-the-art facility will include LED lighting, docking for trucks, a property buffer with a setback of 65 feet from the neighborhood and a water basin of about 10 acres.
Manning said the first spec building will be followed—based on lease successes—by five more buildings and close to 1 million square feet of light industrial space in the first phase.
“We will build accordingly and invest about $100 million in buildings,” Manning said. “In about two months, we will be coming out of the ground with this building.”
Hutto Executive Director of Business & Development Services Helen Ramirez said a hike-bike trail will circle the 10-acre retention pond.
The Schneider family property used for the project is about 71 acres. Rights of way purchases were closed Monday, according to officials, to start the extension of Emory Farm Lane through the park. The new section of road will be named Schneider Boulevard.
Manning said Titan Development is looking forward to being part of the community.
“It’s about creating jobs, and we think it’s a great place to do that,” Manning said. “It will take about a year to build this building.”Article and image courtesy of Community Impact