Josh:New cold storage unit constructed, new steel mill project and jobs offered, and tax incentive approved for a solar farm to be constructed. Thank you for tuning in Construction Business TV. My name is Joshua Vita, and this is the Houston Weekly Update.
Hello and welcome back position of weekly update. If this is your first time here welcome glad to have you here with us. I’d like the first mention, if you are in commercial real estate, residential real estate or a trade of kind in construction go to the description right down there to schedule free interview with me and again that is a free interview. Also, if you hit that bell and subscribe button and also down below that way you can stay up to date on what happening construction business. OK Let's go at that first story.
OK, first thing I’d like to talk about today is a traffic update. So, preconstruction has started on a third fly over road This is at I-45 N and Hwy 242, and this is going to be constructed in Montgomery County. An estimated completion is 2 years, so in that area you might want to find alternative routes to where you're trying to go.
OK, our first story up today is about that solar farm. So, the Texas Comptroller has approved another taxes incentive for a new solar farm north of Houston. This is also sought via Texas tax Code 313 which allows school districts to reach agreements with companies behind certain industrial projects, limiting the value of those projects on which the school can levy property taxes. So Longroad Energy Partners LLC is building the farm that cost approximately $120 million. And a solar farm is going to be called Umbrial Solar and can produce up to 150 megawatts of electricity. Longroad wants to start the construction in the first quarter of the 2022, with commercial operations beginning in 2023. The build period would create 150 construction jobs between the years 2022 and 2023.
OK, our next story is about the steel mill project and new jobs offered with it. So, Field’s company would be building a spiral weld steel mill back in Houston and was current plan to be built in Sinton, Texas, but there were supply chain issues with the location being landlocked. This means the investment and 50 new jobs are returning to the Houston area. Houston is a prime spot due to location having better access to the Houston Ship Channel and the steel mill will mainly produce long length pipes. And the mill to break ground this year, but because there is already building on the Houston site that will speed up the process of the building despite the delayed groundbreaking. Fields Company hopes that the project will come online in the fourth quarter of this year.
OK, our last story up today is about that cold storage unit be constructed. So, in Northeast Houston, construction crews have broken ground for a cold storage facility. Houston Cold Port, as it will be called the 315,100 square foot cold storage warehouse, they will be able to accommodate freezer and cooler cold storage, food processing, and manufacturing, and food distribution. The project is a joint venture between Boomerang Interests and CenterSquare Investment Management. Jeff Reder, managing director of CenterSquare Investment and Management said “Houston is a top target market for cold storage given its large and growing population, central location, business friendly environment, and of course home to one of the largest ports in the world. Houston ColdPort is expected for completion in the second quarter of 2022 and will feature a 50-foot clear height warehouse, with a 60-foot-deep cold dock. ARCO Design/Build is designing the building. Houston ColdPort will be built on 22.48 acres at 7500 Uvalde Road near the northwest corner of Beltway 8 and US Highway 90
Thank you again for watching this edition of weekly update. If you like the video, make sure to give it a big thumbs up when people have a wonderful weekend, and I will see you next week.
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