**Prologis to Fill Manmade Lake for $64M Fort Lauderdale Industrial Park**
Prologis has announced plans to develop a new industrial park on a 40-acre site located at 1690 N.W. 31st Ave. in Fort Lauderdale. The project site includes a manmade rock pit lake, which the company must first fill in before construction can begin. The industrial park is projected to cost $64 million.
According to Prologis, the current property owner, RPL Land, has already secured the necessary approvals from the state and county to proceed with filling the borrow pit. This process includes addressing and remediating contaminated sediments at the bottom of the lake to ensure safe development on the site.
The development will feature five buildings totaling approximately 560,000 square feet of warehouse space.
With a limited supply of large, vacant industrial sites remaining in Broward County, developers—including Prologis—have increasingly turned to filling in manmade lakes as a solution, despite the high costs associated with such projects.
Prologis is a publicly traded real estate investment trust (REIT) headquartered in San Francisco, specializing in investments in logistics facilities.
