Thursday, January 18, 2018
Business

International Plaza developer Richard Corbett to finance new cold storage facility at Port Tampa Bay

TAMPA — Port Tampa Bay has joined with Tampa real estate developer Richard Corbett to finance the building of an on-dock cold storage facility.

Port Tampa Bay plans to start construction on a 130,000-square-foot cold storage food products facility this year. The facility is expected to be operational by fall 2017. The project was delayed until the port found financing for the project. That's where Corbett comes in.

"Dick Corbett has supported Tampa Bay and the state for many years. We are excited that he shares our vision that Port Tampa Bay will be the hub of the growing food distribution market in Central Florida," Paul Anderson, president and CEO of Port Tampa Bay, said in a statement. "As in all of our projects at the port, this will be a model public-private partnership that supports our strategic and master plan for our growth."

Corbett is the developer behind International Plaza in Tampa.

Orlando-based Port Logistics signed a 27-year lease agreement with the port to manage the new cold storage facility last year. The company operates more than 5.5 million square feet of warehouse storage space for clients and handles transportation and storage logistics for retailers and manufacturers from ports to retail destinations.

The new facility will receive, label, package and distribute temperature-controlled food products. Refrigerated storage will open doors for new business at Port Tampa Bay. Most refrigerated ships dock in Philadelphia, which has the most cold storage food facilities on the East Coast, according to a news release. Tampa's new facility could shave off three days of that usual voyage time.

The $19.1 million facility will employ 50 full-time workers and up to 200 part-time workers. Construction is expected to begin in November, according to the release.

Corbett is a Notre Dame graduate and onetime junior White House aide during the Kennedy administration. His wife, Cornelia, is a former part owner of the Tampa Bay Rowdies soccer team. He resigned as Florida Fish and Wildlife commissioner last year after instituting a controversial decision to bring back bear hunting in Florida.

Contact Justine Griffin at [email protected] Follow @SunBizGriffin.

Comments
Crystal Lagoon planners brace for chilly ribbon cutting today

Crystal Lagoon planners brace for chilly ribbon cutting today

WESLEY CHAPEL — Mother Nature seems to have a way of putting a chill on one of the hottest amenities in residential real estate development.Members of the business community, elected officials and officers with Metro Development Group and Crystal Lag...
Published: 01/18/18
Apple to build second campus, hire 20,000 in $350B pledge

Apple to build second campus, hire 20,000 in $350B pledge

Associated PressSAN FRANCISCO — Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the United States that will be partially financed by an upcoming windfall f...
Updated: 10 hours ago
Water Street Tampa developers seek artist and design for $600,000 outdoor art near USF med school

Water Street Tampa developers seek artist and design for $600,000 outdoor art near USF med school

TAMPA — Water Street Tampa called Wednesday for artists to send in their ideas for a big piece of public art for the outdoor plaza between one of the $3 billion project’s office buildings and the new University of South Florida Morsani College of Med...
Published: 01/17/18
Tourism brought in record $112 billion to Florida in 2016

Tourism brought in record $112 billion to Florida in 2016

Tourism brought in a record $112 billion to Florida’s economy in 2016, up about 3 percent from 2015, according to Visit Florida figures released Wednesday. About 10 percent — $88 billion — of the state’s gross domestic product came from tourism in 20...
Published: 01/17/18
Time to carbo load: Three new bakeries include an Australian bakery, second La Segunda

Time to carbo load: Three new bakeries include an Australian bakery, second La Segunda

LA SEGUNDAA Tampa Bay giant has stirred and is on the move. La Segunda Central Bakery, a family-owned Ybor City institution for nearly 103 years (they celebrated that birthday Jan. 15) and the largest producer of Cuban bread in the world, will open a...
Published: 01/17/18
Dow Jones closes above 26,000 for first time

Dow Jones closes above 26,000 for first time

The latest on developments in financial markets (All times local):4 p.m.Stocks are closing higher on Wall Street, sending the Dow Jones industrial average to its first close above 26,000 points.The Dow had traded above that level on Tuesday but wound...
Published: 01/17/18
Pasco goats somehow make yoga less weird

Pasco goats somehow make yoga less weird

DADE CITY — More than 36 million Americans practice yoga, but many people still feel intimidated by the ancient method of controlling the body and mind through physical and mental practices.Perhaps it is the daunting terms or confusing poses that cau...
Published: 01/17/18
Behold: The fastest cars at this year’s Detroit Auto Show

Behold: The fastest cars at this year’s Detroit Auto Show

DETROIT — Despite all the hype surrounding auto shows, let’s get real for a moment: The majority of the vehicles on display will end up ferrying kids to soccer practice, embarking on road trips and commuting between work and home each day.That’s unde...
Published: 01/17/18
This is why clothing companies want to know about your weight, jobs and past pregnancies

This is why clothing companies want to know about your weight, jobs and past pregnancies

The first step for a shopper buying a suit at the fast-growing menswear retailer Indochino is sharing his personal information: A salesperson armed with an iPad measures nearly everything on his body, from the distance between his belly button and re...
Published: 01/17/18
TECO, Duke linemen to help restore power in Puerto Rico

TECO, Duke linemen to help restore power in Puerto Rico

TAMPA — As more than 1.5 million people in Puerto Rico remain powerless, local linemen are stepping up and flying out to the island to help restore electricity. On Wednesday morning, 25 linemen boarded a flight from Tampa International Airport to Pu...
Published: 01/17/18