Columnar Holdings recently announced the sale of $80.5 million in bonds for DoubleBranch, a mixed-use development planned for the southeast corner of Interstate 75 and State Road 52.
At build out, the project is expected to include 4 million square feet of industrial space; 750,000 square feet of office; more than 500,000 square feet of destination retail and a multifamily neighborhood to support the new development, according to a news release.
At completion, DoubleBranch is expected to create more than 6,000 jobs, including many in the logistics, life sciences and health care sectors, the release said.
Its long-term economic impact is estimated at more than $30 billion, the release added.
“Columnar prides ourselves on being at the forefront of development trends,” said Michael Wolf, senior vice president for Columnar Holdings. “The land is situated alongside a major highway in one of the most desirable locations in Florida. Since purchasing it in 2021, there has been a strong desire across markets to live and work in centrally located communities,” he continued.
Phillips & Jordan, a national leader in heavy civil construction with regional headquarters in Pasco County, has been selected as the site contractor for DoubleBranch.
“The impact of diverse job creation will open tremendous opportunity for Pasco County for generations to come,” Sean Froelich, COO of Columnar, said in the release.
Columnar expects a groundbreaking ceremony to take place in early fall.
Published September 13, 2023
