An Idaho-based developer that’s one of the country’s top builders and operators of cold storage facilities is eyeing a new project in southern Dallas.
Cold Summit Development builds and invests in refrigerated warehouses in markets across the country.
The Ketchum, Idaho-based company has worked on projects stretching from California to Florida, including a large public refrigerated warehouse in Laredo.
Cold storage has been one of the fastest-growing sectors of the U.S. distribution market during the pandemic.
Increased demands on grocers and consumer products companies have created a need for millions of square feet more of refrigerated facilities around the country.
The federal government has declared cold storage facilities as essential infrastructure during the COVID-19 outbreak.
Cold Summit Development has filed plans with the state for a more than $35 million refrigerated warehouse project on north Dallas Avenue south of Interstate 20.
The 343,000-square-foot industrial project is described as a “new greenfield cold storage distribution center.”
Construction is estimated to start in November with an opening next year, according to the information provided to the state.
“We are in fact working on a new facility in South Dallas,” Cold Summit CEO Scott Pertel said in an email. “We have a few weeks to iron some details out prior to going into much detail about the project.”
Because of the cost and complexity of the projects, there has been very little speculative cold storage building construction in the Dallas-Fort Worth area.
North Texas is one of the country’s top industrial markets, with more than 30 million square feet of buildings under construction.
