Construction work is expected to begin this summer on the 35-acre first phase of the 87-acre Des Moines Creek Business Park southeast of Seattle-Tacoma International Airport.
The Port of Seattle Commission Tuesday gave its final approval to leasing the tract to Panattoni Development for creation of an office, light industrial and distribution center.
When the site is fully built out in seven years, some 1,600 workers are expected to be employed at its multiple businesses.
The site is just east of the approach and departure path to the airport's eastern-most and longest runway. The tract is bounded by South 208th Street on the north, by South 216th Street on the south, by 24th Avenue South on the east and by Des Moines Creek Park on the west.
The project is expected to have cost some $125 million when it is complete. About 350 workers will be involved in reconfiguring the land, installing utilities and roads and erecting buildings on the site.
"The City of Des Moines is extremely pleased that the agreement between the port and Panattoni is completed and the project can now move on to the construction phase," said Des Moines Mayor Dave Kaplan. "The port has been a great partner for over a decade as we worked together to develop the Des Moines Creek Business Park to bring family wage jobs and economic development to Des Moines."
The business park is expected to benefit from its proximity to the airport in attracting companies such as air freight handlers, avionics manufacturers and other air traffic-related companies.