SMARTstartMedia Alert: DoubleBranch Development to Break Ground
September 28, 2023
The 965-acre development is a major economic driver which is anticipated to generate over $600 million in long-term economic impact.
PASCO COUNTY, FLORIDA (September 28, 2023): Columnar Land (Columnar) is hosting a groundbreaking ceremony to celebrate the start of the highly anticipated mixed-use development, DoubleBranch, formerly known as Pasco Town Center. Columnar has invested over $60 million to date and is constructing another $75 million in Phase I infrastructure.
The expansive project will feature 4 million square feet of industrial development, 725,000 square feet of offices, 400,000 square feet of retail, 3,500 housing units and 300 hotel beds on a 965-acre parcel at the southeast corner of Interstate 75 and State Road 52. At completion, DoubleBranch will generate over $600 million in long-term economic impact on an estimated $2 billion buildout for the surrounding area. As companies locate, the development is anticipated to be home to 6,000 jobs including many in the logistics, life sciences, and healthcare target industry sectors.
In summer of 2022, the Pasco Board of County Commissioners approved incentives totaling $55.8 million in support of the development. For every one-dollar Pasco County contributes, DoubleBranch will produce $100 in return.
What: Columnar will break ground, with Pasco County contractor Phillips & Jordan, on the site where the first 2.5 million square feet of industrial and life sciences development as well 100 acres of mixed-use development will begin.
When: Thursday, October 5, 2023; 9:30 - 11:00 a.m.
9:30 a.m. - Guest Speakers
10:00 a.m. - Ceremonial groundbreaking and photos, light refreshments to follow
Immediately Following - Media interviews available (please set up in advance if possible)
Where: 10451 McKendree Rd, San Antonio, Florida 33576
Who:
- Daniel Traylor, Managing Partner, Columnar/DoubleBranch
- Mike Wolf, Senior Vice President,Land, Columnar/DoubleBranch
- Commissioner Wilton Simpson, Florida Department of Agriculture and Consumer Services
- Commissioner Ron Oakley, District 1, Pasco Board of County Commissioners
- Bill Cronin, President & CEO, Pasco Economic Development Council
- David Engel, Director, Pasco County Office of Economic Growth
Why: For every one-dollar Pasco County contributes, the DoubleBranch project will produce $100 in return. At completion, DoubleBranch will generate over $600 million in long-term economic impact on an estimated $2 billion buildout for the surrounding area. As companies locate, the development is anticipated to be home to 6,000 jobs including many in the logistics, life sciences, and healthcare target industry sectors.
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About Pasco Economic Development Council
The Pasco Economic Development Council is committed to developing Florida's most competitive climate for business growth by providing businesses that seek to start, move, or grow in the North Tampa Bay area, a comprehensive suite of programs that can help them to reach their full economic potential. Since 1987, Pasco EDC has fostered a strong partnership funded by corporate and public investors focused on the economic vitality of Pasco County. Discover more at www.pascoedc.com.
About Columnar Land
Columnar, a Traylor Capital company, has its roots in Traylor Bros., Inc., a third-generation family-owned company. Founded in 1946 by William F. Traylor, his son and grandsons have steered the company toward the same vision throughout the decades: to be the most respected, preferred, and consistently performing heavy civil contractor in North America. Daniel A. Traylor and the Traylor family founded Columnar in 2009 during the precipitous slide in national residential real estate markets. Since that time, under the Traylor Capital umbrella, platform companies have made more than 30 distinct investments spanning Florida, North Carolina, Texas, and Colorado delivering superior risk-adjusted returns along the way.