August 1, 2008
Mosaic Gives Development Boost
A 7.4 acre purchase for a regional headquarters by Mosaic fertilizer on the fledgling Lake Hutto project being built by Newland Communities, near FishHawk Ranch, is a boost to the community and a spur for the development. Newland announced the purchase in July of a building that will house 400 jobs in a 100,000 sq. ft. proximity and will abut a planned town center commercial project with an additional 100,000 sq. ft. of neighborhood commercial businesses.
Newland Communities Vice President of Operations Tom Panaseny spoke to a room full of 70 residents and representatives to update residents on development plans for the community.
“We are proud to have partnered with Mosaic on this project,” said Panaseny. “Mosaic will break ground on its headquarters in 2009 and the building will be completed by 2010,” he described. The headquarters will have its own entrance off of FishHawk Blvd. and will face the boulevard. A national commercial leasing company is being brought in to lease the 100,000 sq. ft. of additional commercial space. “This is about three times the size of our current Park Square,” he described.
Rich Krakowski, vice president of Mosaic, said, “We conducted a study to determine a suitable geographic location that’s closest to the center of where our administrative and staff employees live. FishHawk Ranch area was the bull’s eye.”
Ryan Companies US, Inc. will be developer and contractor for the building, which is scheduled to break ground by early next year and open in the first quarter of 2010.
In addition to the Mosaic entrance, a four-lane divided boulevard with an entrance off of FishHawk Blvd. is scheduled to break ground to access the now-under construction, combined elementary/middle school which is also scheduled to open in the Fall of 2009.
“The school represents the district’s efforts to share some parts of the facility, including administration offices, across the two campuses,” he described, adding, “The district has not yet named the schools, and they will each have their own bus drop off points.”
In addition to Mosaic headquarters and the school, Panaseny said that specific plans for the residential portion of the community are not yet available other than a planned 200 rental apartment complex surrounding the town center.