DoubleBranch, formerly known as Pasco Town Center, will host its official groundbreaking ceremony next week. The massive mixed-use development will cost more than $2 billion to complete, and it’ll generate an economic impact of more than $600 million. The venture will also reach completion in phases, spanning more than 900 acres.
Per the Tampa Bay Times, the first phase will include 2.5 million square feet of industrial and life sciences space, along with 100 acres of mixed-use development. At full buildout, the Tampa Business Journal reports that DoubleBranch will comprise 4 million square feet of industrial space, along with 400,000 square feet of retail.
The venture will cost more than $1 billion to complete.
Plans also call for 3,500 residential units and 300 hotel beds. Other sources suggest that in addition to these offerings, DoubleBranch will also have 725,000 square feet of office space. Most of the companies that will occupy the venture will be in the life sciences, health care, and logistics sectors.
Illinois-based Double Branch Development Inc. purchased 380 acres for DoubleBranch for $66.4 million earlier this June. Philips & Jordan is the general contractor. Columnar Land scheduled the groundbreaking ceremony.
DoubleBranch doesn’t have an exact address. Yet, it will soon unfold near State Road 52 in one of Pasco County’s “hot” development zones.
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