For his first development, Parks is constructing a 33-acre industrial park near Bush Intercontinental Airport.
Parks plans to build six warehouses there to cater to air cargo handlers.
Air cargo has been a hot sector for developers in 2000. On city-owned land at Bush, Trammell Crow and some other realty firms recently reached a deal to build several major air cargo facilities. And Gerald Hines' development firm just formed Hines Air Property to develop projects at London's Heathrow and Gatwick airports and other airports in the United Kingdom. Now, jumping into the trendy air cargo niche is Parks. It is a visionary leap for a man who was born three years after the Wright brothers' historic Kitty Hawk flight in 1903.