River Ridge making progress on major spec building
Crews are nearing completion of a more than 1 million-square-foot speculative building at the River Ridge Commerce Center in Jeffersonville. When complete, the Gateway 1000 building will be the third of its size at the southern Indiana business park.
Financial details of the project are not being disclosed.
Gateway 1000 sits on more than 74 acres of land. Crews recently completed installing the exterior walls of the building, which will ultimately include 100 dock doors with a ceiling clear height of 40 feet.
The project is being developed by VanTrust Real Estate, which has an office in Columbus, Ohio. The commercial real estate firm previously completed two other buildings at River Ridge, totaling nearly 1.3 million square feet.
“By continuing to place special emphasis on improvement and modernization, the River Ridge Commerce Center is quickly becoming a go-to destination for businesses of all sizes and industries to open up shop – right here in southern Indiana,” River Ridge Development Authority Executive Director Jerry Acy said in written remarks. “We are proud to work with several nationally renowned site developers, including VanTrust Real Estate, to construct industry-leading facilities that attract new business, new jobs and promote future improvements to the Commerce Center and the surrounding communities.”
The Gateway 1000 building is expected to be complete this summer. No potential tenants have been identified as of yet.
River Ridge says more than 1.8 million square feet of business space has been created over the last two years. In addition to the Gateway 1000 project, the business park expects to add at least another 700,000 square feet by the end of this year.