2016 was an exceptional year for the economy of the Santa Clarita Valley, and 2017 promises more positive growth on the horizon. As we look ahead to new developments, expansions, and entertainment offerings, we are excited to see the Santa Clarita Valley continue to flourish and grow. These new additions and expansions support the SCV as a good location for business.
- The walls of the IAC Commerce Center are expected to go up in late January, if the rain ever stops. This will provide over 1.3M SF of much needed space for our manufacturing companies to expand, especially those in the aerospace sector.
- Gateway V, another industrial development that is located off the 126 is scheduled for completion in the spring of 2017, with another 250K SF in the three remaining buildings.
- Needham Ranch is expected to begin construction in 2017, which will ultimately have 1M SF of industrial space available, providing great space for new business occupation.
Expansion in the Biotech Sector:
- Mann Biomedical Park is undergoing major renovations to its entrance and landscape to make it a full-service, modern campus with gym and childcare facilities. They will double their current office/manufacturing capacity to 600K SF.
- Ultimately this new development, located off the 14 freeway, will have about 800,000 SF of office and retail space, as well as homes and multi-family units to fit every budget. In November, they announced that construction of their Town Square would commence with the groundbreaking of their mixed-use buildings set to house retail on the ground floor, and office space above.
- Residents of SCV will see construction on the new tower at Henry Mayo Newhall Hospital, as well as two corporate headquarters; Logix located off the 126 and Scorpion next to the Sunkist building off the Old Road.
New options for entertainment in the Santa Clarita Valley are on the way in 2017 as well.
- Laemmle Theatres will begin construction in Old Town Newhall along with Newhall Press Room, a wine/cheese/coffee bar that will open across from Newhall Refinery and adjacent to Pulchella Winery.
- Two new and exciting dining and entertainment venues will open at Valencia Westfield Town Center in 2017.
- Saddle Ranch Chop House, a “rock meets western” restaurant will take residency in the old TGI Friday’s location, catty-corner from the ever-popular Cheesecake Factory.
- Santa Clarita Canyon Club, a concert/entertainment/dining venue will begin construction on the north side of the mall near Sears and H&M.
Our population continues to grow—Santa Clarita is currently the 3rd largest city in Los Angeles County—and we are well-positioned for continued development, expansion, and innovation. 2017 promises to bring a strong local economy and more high-paying jobs, while protecting the excellent quality of life that is the envy of Southern California residents.
The Santa Clarita Valley Economic Development Corporation (SCVEDC) is a unique private / public partnership representing the united effort of regional industry and government leaders. The SCVEDC utilizes an integrated approach to attracting, retaining and expanding a diversity of businesses in the Santa Clarita Valley, especially those in key industry clusters, by offering competitive business services and other resources.