$80.5M funding in place to start 875-acre Tampa Bay area mixed-use project

A West Palm Beach developer is preparing to begin work on a mixed-used development with a 4 million-square-foot industrial park in Pasco County after securing $80.5 million for the project.

Columnar Holdings, which bought 875 acres on the southeast corner of Interstate 75 and State Route 52 in late 2021, came up with the money by selling $80.5 million in bonds.

According to a statement announcing the funding and detailing the project, Columnar intends to build a development that, along with the industrial section, will include 750,000 square feet of office space focusing on health and wellness and more than over 500,000 square feet of retail and multifamily.