Lennar Unveils, Renames Project

Michael Morris, VP of development for Lennar, reports that this first 250-acre portion of the project will include manufacturing, warehouse and office uses. When completed, the nearly 1,000-acre project will comprise approximately 16 million sf of commercial and industrial buildings valued in excess of $1 billion. The master planned business community is a joint effort under development by Lennar Partners and the March Joint Powers Authority. Lennar chose the name Meridian to express the project's attributes, including its relationship to the neighboring March Global Cargo Port and its status as a Foreign Trade Zone.

Following a groundbreaking in November that was reported on GlobeSt.com, Lennar Partners has moved forward on site preparation and initial development for the first phase. Lennar Partners VP Jim Cottrell notes that the developer already has interest from a wide range of users, from large corporate entities to small businesses, many involved in manufacturing, back office support services and global commerce. The project is designed to accommodate both speculative and build-to-suit facilities for companies seeking 5,000 to more than 200,000 sf of space. The listing agent is Walt Chenoweth of CB Richard Ellis.