
Construction Launches on Otay Business Park Near Mexican Border
Construction is underway at Otay Business Park in the Otay Mesa submarket of San Diego. The 119-acre property was acquired in May 2022 through a joint-venture between Elevation Land Company and a real estate fund advised by Crow Holdings Capital.
The inaugural venture for Elevation Land, the project will encompass 1.8 million square feet of industrial distribution and logistics buildings. Dempsey Construction is performing the horizontal site work, which includes grading, on-site and off-site utility and road infrastructure work. The campus is designed by Ware Malcomb.
“The SR-11/Otay Mesa East Port of Entry is slated to open in late 2025, and we anticipate finishing construction on phase one of our Class A distribution and logistics buildings near that date,” said Brig Black, founder of Elevation Land. “The port of entry and our project both bolster cross-border trade, jobs and the region’s bi-national economy. We’re proud to provide an important piece of the region’s industrial distribution network.”
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.
- ◦Development