Commercial real estate development and investment firm KDC announced June 26 it will market and develop a 150-acre site in Taylor, next to Samsung’s semiconductor plant going up near Hwy. 79.

The gist

KDC “will pursue build-to-suit opportunities for manufacturing office, logistics, warehousing, data center and other uses,” according to a news release. The company is also partnering with real estate agency Transwestern to market the Taylor HQ, which will be located on FR 973 in Taylor.

“Taylor HQ offers a one-of-a-kind opportunity for companies working with Samsung or that are interested in having a high-profile neighbor next door,” Bill Guthrey, KDC senior vice president of land development, said in the release. “Our build-to-suit experience allows us to pivot quickly and develop this acreage for a company seeking any number of uses on this prime spot.”

The background

The development of the site comes as Samsung's semiconductor manufacturing plant is under construction.

In April, Samsung Electronics signed an agreement with the U.S. Department of Commerce to receive $6.4 billion in direct funding, while the company is expected to invest more than $45 billion into the region.

This agreement brings Samsung's total local investment to more than double what was initially committed by the company when the project in Taylor was first announced. In 2021, Samsung said it would invest more than $17 billion in the Taylor plant and today, the project stands to total at least $45 billion.