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Work Set to Start on $1B High-Tech Park

A joint venture with ING Real Estate will enable Silicon Border Development to move forward on a $1-billion high-tech park in Mexicali, Mexico. Officals say site work will begin within a month.

By John McCloud | Updated on April 05, 2007

John McCloud is editor of Industry Property Journal, from which this article is excerpted.

Mexicali, Mexico—A joint venture with ING Real Estate will enable a development company founded by semiconductor industry professionals to move ahead with development of a $1 billion high-tech park in this Mexican city in Baja California. Tim Ramsey, executive vice president of construction for Silicon Border Development, the project sponsor, says preparation of the first 500 acres of the 10,000-acre Mexicali Science Park will begin by May, with initial sites ready for construction by early fall. He says several prospective buyers have already stepped forward but tells IPJ he is not free to name them at this time.

The project, touted as the first of its kind in North America, has been in the works for six years. The San Diego-based development company’s co-founders, chairman D.J. Hill, a former vice president of National Semiconductor Corp. of Santa Clara, CA, and CEO Ron Jones, former chairman of N-Able Group International of Saratoga, CA, created Silicon Border in 2001 to provide a geographically accessible alternative to the Asian industrial parks that have become the primary location for high-tech manufacturing.

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