Cold Summit Development is planning to add cold-storage warehouse space on property near the Port of Wilmington, N.C. The company aims to develop nearly 460,000 ft2 of cold storage in two buildings.

The project includes two phases. In the first phase, Cold Summit plans to build a 300,000 ft2 refrigerated warehouse that will include a multi-suite, multi-temperature building with three rooms and 40,000 to 50,000 pallet spaces with the ability to handle frozen or chilled products.

The company has 15 months to begin construction on the first phase of the project.