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Foundry Betting $150M on 'Transformative' Spec Industrial

MIAMI—“What is unique about Carrie Meek International Business Park is that it is a new commercial development that is privately funded, but will provide direct community benefits.”

By Jennifer LeClaire | jenniferleclaire | Updated on November 14, 2016

FordGibson has been growing successful commercial real estate companies—and developing high profile projects in the Greater Miami area—for decades. Ford Gibson has been growing successful commercial real estate companies—and developing high profile projects in the Greater Miami area—for decades.

MIAMI—Foundry Commercial just entered in what its calling an “historic joint venture” that aims to improve the quality of life for South Florida residents. The firm partnered with Miami-based charitable organization Carrie Meek Foundation on a ground lease for a speculative $150 million industrial project in Miami-Dade County.

Dubbed Carrie Meek International Business Park, the public-private partnership is the first of its kind in the region. The development is expected to create thousands of jobs in the area. Indeed, new-to-market Foundry is driving business fast.

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