Speculative Katy industrial project breaks despite COVID-19

Phelan-Bennett Development plans to break ground next month on the Jordan Ranch Distribution Center before securing a tenant, a sign of confidence in a market with no shortage of new industrial buildings.

The 495,000-square-foot building, which will be built on 31 acres west of Jordan Ranch Boulevard about a quarter mile south of Interstate 10 in Katy, is being developed on behalf of WPT Industrial REIT to target e-commerce tenants.

“You’re hearing a lot of people...