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Honor Ranch Development Project Takes Next Steps

Honor-Ranch-Overview (2018_RFP)The Honor Ranch Site (Honor Ranch) is a potential development located in a County-owned vacant lot in the Santa Clarita Valley. This 206-acre plot along the eastern edge of the I-5 (north of the Castaic Junction) offers an excellent opportunity for a new jobs-creating development. It consists of a large contiguous land area with high visibility and freeway access.

 

The location has been identified as a potential development site for years. A motion was introduced by 5th District Supervisor Kathryn Barger on June 14, 2022 that enters LA County into an exclusive negotiation phase for the project. The "Honor Ranch Development Project" has now moved further in the process than ever before towards making this project a reality.

 

Trammell Crow Company (TCC) was chosen as the preferred developer for a 1.8 million SF project consisting primarily of new industrial facilities. TCC will work closely with LA County Public Works on the pre-development phase, as well as negotiating a final agreement. Honor Ranch has great potential to bring more high quality jobs to our valley, allowing more residents in our expanding population to live and work right here in SCV!

 

At the behest of the SCVEDC to further our mission of increasing the high quality job base and fostering economic growth in the region, the County Board of Supervisors has made development of the Honor Ranch site a priority. The Board recognized the underutilization of the Honor Ranch site, that it could contribute to blight of the surrounding area, and its potential economic and workforce development opportunities. Work on the development began in earnest after a July 2016 Board motion directed the County to solicit input from experts about the potential of the site.

 

Fast forward to 2021 and TCC's selection as the developer after a competitive bidding process. The Developer's proposal contemplates a 1.8 million square foot mixed-use project that includes:

  • 1.5 million square feet of industrial business park (manufacturing, warehousing & distribution, media, and entertainment)
  • 250,000 square feet of life sciences office (research & development, bioscience)
  • 55,000 square feet of retail (neighborhood, quick service, traditional), and required parking and transportation infrastructure.

As the SCV grows, both in population and as a choice location for a diverse set of business sectors, development sites like Honor Ranch have great potential to capture expected growth and further enhance the economic development of the area. A press release from 5th District Supervisor Kathryn Barger commented that,

“This property is one of the largest County-owned parcels of undeveloped land available today. Given that the Santa Clarita Valley is one of our County’s fastest growing areas, we must commit to investing in economic and workforce development opportunities that will benefit families and community members in the region".

 

TotalPopulation_2021 Blog photo

40 miles north of Downtown Los Angeles, the site’s two miles of I-5 freeway frontage offers abundant freeway 

visibility with access from an existing interchange. The site’s generally flat topography is conducive to development.

 

Santa Clarita is ranked as the 13th Fastest Growing City in America in 2021 and this  development has the potential to further grow the number of local high-quality jobs in the SCV. And with the numerous residential development projects underway here (21,500 alone at Fivepoint's Valencia), our valley is well situated to meet the demand for jobs and housing alike! According to economist Dr. Mark Schniepp's 2021 Economic Outlook, the majority of Santa Clarita Valley's population growth is from people moving TO the SCV, and it's not hard to imagine why! 

 

Surrounded by acres of protected open space, the SCV is consistently ranked as one of the healthiest and happiest cities in the US. Over 100 miles of hiking and biking trails make outdoor activities a breeze. From millennials ready to purchase their first home to executives seeking exclusive neighborhoods, our region has something for everyone. Companies and their teams love it here! The Honor Ranch project can help provide economic and workforce development opportunities that growing regions like ours need to continue to thrive.

 

 

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.

Business Attraction, Good location for business, Economic Development, New Development

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