Breaking ground in March 2022, construction on Phase 1 of Lovett Industrial’s Interchange 249 project—which is made up of four buildings—was slated to be complete in May, Seth Flechsig, the senior managing director of the Texas region, said via email April 26.

The big picture

Interchange 249, located at the southwest corner of Hwy. 249 and the Grand Parkway, is a 240-acre industrial development. Lovett Industrial broke ground on the project last March, Community Impact previously reported.

A closer look

Flechsig said Building 2 of Phase 1 is 80% leased out, and Lovett Industrial is working to lease out the remaining two buildings.

Phase 1 also includes Macy’s, which is relocating its distribution center, Community Impact previously reported. Macy’s representatives would not provide its opening date.

Quote of note

“We are currently assessing our strategy for Phase 2 and which sites to develop next within the park,” Flechsig said in an April 26 email. “Our focus will be to add space on the north end of the park [along the Grand Parkway], which would afford potential tenants great highway frontage visibility.”