Construction on the park's buildings will begin 1.5 years to twoyears after the completion of infrastructure, which includes a20-acre lake that will be created from the sale and removal of topsoil. The Deerfield Beach, FL-based Red Reef's first phase will bea 300,000-sf research center. It's estimated the project, whichwill be located along 244 State Hwy. L 10-11, just off State Hwy.1, will take 10 years to build out. Whitney, Bailey, Cox andMagnani LLC of Baltimore is the architect, engineer and developerof the complex.

"They're looking at around 3.5 years before anyone could move inand start to work," Jack Turner, vice president of Whitney, Bailey,Cox and Magnani LLC, tells GlobeSt.com. He says the researchfacility needs to be in place before the hotel and recreationalamenities are built. "Once they see the buildings going up, thenthe hotel and other possible amenities will follow," he adds. RedReef has sold several tracts to residential developers, but isholding firm to the balance of the land for its scientific andmedical research park.