NorthPark 35, a large industrial park, breaks ground in Georgetown

The first phase is expected to be completed spring 2021.

“Georgetown is poised to become an important new business center along the I-35 corridor,” said Joe Iannacone, vice president of development for Titan Development, in the release. “With such direct access to major markets such as Austin, Dallas, and San Antonio, we’ve already had exceptional interest from end-users in the e-commerce, logistics, pharmaceuticals, light manufacturing, and agriculture industries. This new park is destined to become a hub of innovation for Georgetown and beyond.”

City Council approved $10.5 million to be reimbursed to Titan Development for the infrastructure improvements, including $8 million from the Georgetown Transportation Enhancement Corp. for the road construction, $1.9 million from the Georgetown Economic Development Corp. for the electric construction and $600,000 from the water capital improvement fund for the water line construction

Reimbursement would be made in three installments if certain terms are met, including construction of the roadway within 24 months, an investment of a minimum of $15 million in capital expenditures, and the developers adhering to approved design and use standards for the construction of the industrial park, the release said.

The new road and the utility line extensions will serve future phases of the NorthPark35 industrial business park as well as other undeveloped properties along Aviation, it said.