Cold Summit Development launched a 343,000 ft2 multi-tenant cold-storage facility, Cold Summit Dallas, in Dallas, Texas. The $60 million project will include state-of-the-art refrigeration technology and a 50’ clear height. Construction is anticipated to start immediately with completion scheduled for September 2021.
Cold Summit Development pointed to the added impact that cold storage will have on the transport of the new COVID-19 vaccine. The vaccine made by Pfizer needs to be kept at -70°C, while Moderna says its vaccine must be frozen at -20°C.
“The COVID vaccine is a great example of a novel event underpinning the need for new infrastructure systems,” said Scott Pertel, president and CEO of Cold Summit Development. “There is no greater focus right now than ensuring that our population will have access to a vaccine that will remove the societal and economic restrictions of the pandemic. Cold storage will play a key role in fulfilling that need.”