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BNSF’s Plan for Large Industrial Park Strikes Ahead

by Index Investing News
November 12, 2024
in Property
Reading Time: 2 mins read
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The BNSF Railway Co. has acquired a suggestion from the Maricopa County Planning & Zoning Fee {that a} complete plan modification for the railroad’s 839-acre Logistics Park Phoenix be accepted, the Phoenix Enterprise Journal reported.

If BNSF’s plans totally come to fruition, the 4,320-acre web site in Wittmann, Ariz., will characteristic a rail-served intermodal terminal, logistics heart and logistics park. Picture courtesy of BNSF Railway Co.

This suggestion reportedly is scheduled for a closing vote by the county’s Board of Supervisors on Dec. 11.

The positioning is alongside U.S. 60, close to the unincorporated neighborhood of Wittmann, Ariz., within the northwestern exurbs of Phoenix. If BNSF’s plans totally come to fruition, the 4,320-acre web site will characteristic “a rail-served intermodal terminal, logistics heart and logistics park,” in response to the railroad.

One of many hurdles on the street to that, the PBJ reported, is a separate zoning case for the general property that isn’t anticipated to make progress until subsequent spring. Assuming that the rezoning happens, BNSF plans to begin development later subsequent yr and have the venture operational in 2028.


READ ALSO: How Infrastructure Funding Drives Industrial House Progress


Native residents have “strongly opposed” the huge improvement since BNSF first invested within the space, the PBJ famous. It added that the incoming mayor of close by Shock, Ariz., has expressed issues that the venture will overtax the present street community, which he mentioned is already past its designed capability, and that BNSF’s plans to entry groundwater are also problematic.

Rail energy

Barely a month in the past, Mohr Capital, of Dallas, accomplished West Summit at Shock, a 707,380-square-foot, Class A industrial campus in Shock. Mohr had acquired the 46-acre improvement web site, a part of Summit Enterprise Park, in 2022 and broke floor on each buildings the next yr. The 453,960-square-foot Constructing 1 has directed entry to BNSF trackage.

In an interview with Industrial Property Govt final July, Mark IV Capital President & CEO Evan Slavik defined the methods behind the corporate’s 4,300-acre Victory Logistics District in Fernley, Nev.

Slavik famous that one of many priorities for the park was making certain that the location is served by each the Union Pacific and BNSF railroads. To leverage that, he mentioned, Mark IV plans to construct a personal rail switching facility on the venture, in addition to a transload facility.



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