Construction begins on River Ridge industrial building – Inside INdiana Business πŸ’₯πŸ‘©πŸ‘©πŸ’₯

(photo courtesy of River Ridge Commerce Center)

A Pittsburgh-based development and management company has broken ground on a 210,000-square-foot facility at the River Ridge Commerce Center in Charlestown. MR3 Development says it is marketing the industrial building for use by a manufacturing, technology, e-commerce or food production business.

MR3 Development, which also has an office in Indianapolis, acquired the more than 15-acre site in April 2021. The company said at the time the sale would generate nearly $1.7 million in proceeds for River Ridge.

The new building is MR3’s first foray in the Louisville/Southern Indiana market. The company currently has active projects in six other states.

β€œWe are excited to make this significant investment at the River Ridge Commerce Center,” MR3 Managing Director Andrew Molnar said in written remarks. β€œThis is a rapidly growing area, and we are thrilled to become part of the family of companies and developers contributing to its success.”

A tenant for the building as not been announced, but construction is expected to be complete by October.

Indianapolis-based Peterson Co. is the general contractor for the project.

Construction begins on River Ridge industrial building – Inside INdiana Business

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