TAYLOR – Quannah Partners LLC is seeking to create a public improvement district to help fund the upcoming Park79 Commerce Center, a 69-acre industrial park.
The developer is asking for an estimated $10 million in infrastructure improvements for the site, which is along US 79.
Quannah has proposed three buildings totaling about 357,000 sf that would have an estimated value of $75.4 million at buildout. Much of the PID money would be used to extend CR 401 to the site.
The property, previously owned by Taylor Texas Holdings Inc., was rezoned last year before being listed for sale. Quannah currently has the land under contract.