Hyde Development broke ground July 13 on a new business park in Fargo, N.D.
Minneapolis-based Hyde, led by principal Paul Hyde, is negotiating with at least five prospective tenants but hasn't announced any deals for the first phase of the 15-acre Butler Business Park, according to the Fargo Forum.
Phase one is a 65,000-square-foot building at the intersection of Interstate 29 and Main Ave. that's under construction. In the spring, Hyde plans to start construction of a 125,000-square-foot second phase.
Hyde told the Forum that the north side development "will clean up the front door" for Fargo. Hyde expects the site will eventually attract more than 200 jobs.
The city of Fargo provided $2.1 million in tax breaks in late December for the project to help pay for environmental cleanup and utilities upgrades.
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