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<br />AREA OVERVIEW <br /> <br />II -16 <br /> <br />Warehouse/Distribution Centers <br />Currently Under Development <br /> <br />1:- '~Und.~ ~~~~r Total <br />qonstrJClonl'! Development <br />Name of Project ,_~. ~{Sq.FJ~~.. (Sq.Ft.) <br /> <br />Port Crossing Commerce Center <br /> <br />600,000 <br /> <br />4,000,000 <br /> <br />Underwood Business Park <br /> <br />900,000 <br /> <br />3,000,000 <br /> <br />Republic Distribution Center <br /> <br />300,000 <br /> <br />3,000,000 <br /> <br />Bayport North Industrial Park I <br /> <br />565,000 <br /> <br />565,000 <br /> <br />Bayport North Industrial Park II <br /> <br />740,000 <br /> <br />Interport Distribution Center <br /> <br />1,300,000 <br /> <br />Park 225 <br /> <br />690,000 <br /> <br />1,200,000 <br /> <br />Cedar Crossing Business Park <br /> <br />900,000 <br /> <br />Highway 225 & Miller Cut Off <br /> <br />150,000 <br /> <br />300,000 <br /> <br />Williamsport Industrial Center <br /> <br />210,000 <br /> <br />210,000 <br /> <br />Vantage-Cedar Crossing <br /> <br />129.500 <br /> <br />129,500 <br /> <br />Total <br /> <br />3,544,500 <br /> <br />15,344,500 <br /> <br />Source: Stream Realty <br /> <br />There is currently 3.5 million square feet of warehouse/distribution space under <br />construction. As the Bayport Container Terminal is built out and the demand increases, <br />these projects can be expanded to include more than 15 million square feet of space. <br />The Port Crossing Commerce Center, Underwood Business Park and Bayport North <br />Industrial Park are located within the La Porte city limits. The Port Crossing Commerce <br />Center is a 300-acre development located within the City of La Porte's Tax Increment <br />Reinvestment Zone. This project is located on State Highway 146 (SH 146) just three <br />miles from the Bayport Container Terminal and two miles from the subject hotel site, <br /> <br />Leisure Activity <br />Three projects currently under development will transform the primary market area into <br />a leisure destination. These projects include Project Stars, the Bayport Cruise Terminal <br />and the redevelopment of Sylvan Beach. <br />