Forsyth County has moved ahead with a large commercial and industrial development that officials said could bring about 1,000 jobs to the county.
At a work session on Tuesday, Forsyth County Commissioners approved by a 4-0 vote, with District 2 Commissioner Dennis Brown absent, to move forward with the potential approval of a county-initiated sketch plat and to hold a public hearing at an upcoming regular meeting for an industrial flex space development off Shiloh Road.
“They have identified a site on Shiloh Road which is 51 acres … It is right off Exit 12 on McFarland,” said Robert Long, vice president of economic development for the Cumming-Forsyth County Chamber of Commerce.
The development, which is being developed by Dexter Companies, LLC, is planned for the Meadows Industrial Park and could start construction in just a few months. It is located near the soon-to-open Halcyon Forsyth development.
“It’s three buildings,” said Blake Dexter, executive vice president of Dexter Companies. “Right now, [it’s] 404,800 square feet for what we’re proposing. Groundbreaking [is planned] in February and delivery sometime in September.”
The buildings will be spread across two parcels – one totaling about 16.5 acres and the other about 33 acres – for three buildings.
The smaller parcel is slated for a 123,000-square-foot building. The larger track will feature one building totaling 136,000 square feet and one at 145,000 square feet.
All three buildings are anticipated to be 25 percent office and 75 percent warehouse.
“If we have lead tenants, we intend to build all 404,000 feet at one time,” Dexter said. “If we don’t, we will build the two upper buildings, the northern buildings, first, and the southern building will be pad-ready for economic development for any prospect that will go in.”
Dexter said the total investment for the project was about $36 million.
Long said the development was a need in the county as there is a low vacancy rate for industrial space in the county and no building within the county is more than 100,000 square feet.
“If I look at my crystal ball, in the near future, if we don’t have opportunities for additional developers to come in and develop some industrial flex space for us, we may be running out of space, which makes my ability to do my job a little more challenging,” he said.
Long said he had been working with Dexter Companies since he started his position about two years ago and said the company had done a “tremendous amount of due diligence” and company officials likely knew the Ga. 400 corridor as well as anyone.
He said the project could also have a large impact on taxes and jobs in the community.
“I have done some analysis on a property tax perspective as well as a jobs perspective,” Long said. “Based on the buildout of the property over the next 10 years, just on the real property taxes alone, it’s about $3.6 million in property taxes.
“...Based on the square footage, this will support 900-1,100 jobs, so it’s a great opportunity for us to market Forsyth County.”