**Butters and Jon Channing Launch 500,000-SF Industrial Project in Boynton Beach**
BMO Bank has provided a $73.5 million construction loan to a joint venture between Butters and Jon Channing for the development of The District, a 500,000-square-foot industrial complex in Boynton Beach, Florida.
The development team assembled several adjacent parcels for a total of $29.75 million in 2024. Following the acquisition, they successfully rezoned the site from agricultural to commerce center use. The District will feature seven industrial buildings ranging in size from 20,000 to 125,483 square feet, as well as a 140,000-square-foot self-storage facility.
Tenants already committed to the project include American Twisters Gymnastics with a 20,000-square-foot lease, a group securing 26,000 square feet for indoor padel courts, and another tenant leasing 80,000 square feet for a combined indoor tennis and pickleball facility.
The project also includes small bay warehouse spaces starting at 2,500 square feet, catering to a variety of business needs.
The first buildings at The District are expected to be delivered by June 2026.
