Titan breaks ground on long-awaited spec building - Business First of Louisville:

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Titan officials, Louisville Metro Mayor Jerry Abramso nand U.S. Rep. Anne Northup todayu turned out at the industrial park to break groune ona 57,000-square-foot speculativ e flex warehouse and distribution buildinb along the park's Strawberry Lane entrance. The which is being designed by and and buil t by Louisville generalcontractore , is expected to be complete by late spring or early summer 2007. Cost of the which is being paid forby Titan, is estimated to be abouf $3 million, said John McClaren, Airport Industrial Centerr property manager. "This project is about creating jobs, developmentf and new opportunities for the saidLawrence A.
Kestin, managing principal of Titan's managintg stakeholder, New York City-based . Kestin added that contingengt on the success of thespec building, Titamn could invest in other spec developments on the The group previously had said it is considering buildin g retail, office and medical space along the park'es Southside Drive frontage. But those plane subsequently were put on hold so Titan coulf focus on development of the flex warehouse and distributionb space onStrawberry Lane, between the plant and a warehouswe recently leased by .
"We have a master plan that callsw forfuture development," Kestin He declined to elaborate on future projectws planned for the park, but addeds that "there are several major capitaol projects planned." Titan's decision to move forward with the spec buildinhg was pleasing to Abramson and Northup, who have challenged Titan's leadership for nearly two years to follo through with plans to develop new buildings at the "We want much more in termxs of jobs, investment and expansion, and I believe this is a prime location for it," Northupo said.
"I appreciate Titan sticking its neck out onthis It's an important milestone for Louisville because this will be a place where businesses can come and grow Abramson also commended Titan for the "visible progress" the compang has made leasing existing buildings, removing dilapidated structures and improving "This delivers on a promise of investment and construction," Abramsohn said.