MOVING FORWARD WITHOUT TENANTS ON 1.5 MILLION SQ.FT. OF WAREHOUSE SPACE IN BAYTOWN 
“It’s all about rail,” Robert Clay tells Cara Smith of the HBJ — despite having no tenants lined up, Clay Development plans to begin construction this month on the first of 3 500,000-plus-change-sq.ft. railcar-friendly warehouses on Borusan Rd., southwest of the Grand Pkwy.’s Cedar Bayou crossing. Clay purchased the 80-acre section of Baytown’s Cedar Crossing Industrial Park (the Gulf Coast’s largest industrial park, at 3/4ths the size of Manhattan) at the end of December. Clay’s economic predictions are “more optimistic for 2016” than they were for last year —Â Low natural gas prices have fueled a $35-billion plastics and petrochemical boom along the Gulf Coast, and storage demand could increase thanks to the expansion of the Panama Canal. The building could be finished by August. [HBJ, Houston Chronicle] Map of proposed distribution facility location: Clay Development
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