New Commercial and Industrial Development Will Help Spur Economic Recovery in SCV
The Santa Clarita Valley is growing, and that's a good thing. According to Dr. Mark Schniepp of California Economic Forecast, new commercial and industrial development and construction will help spur the economic recovery in our region.
Today, the Santa Clarita Valley boasts nearly 30 million square feet of industrial and commercial facilities with an additional 9.7 million square feet under construction. Looking ahead, approximately 24 million square feet of future industrial and commercial development is in the pipeline. For SCV this growth will help ensure a jobs/housing balance and continue to attract innovative companies and high-paying jobs to our region.
Let’s take a look at some of the commercial development in the Santa Clarita Valley:
Located just west of Interstate 5 and north of Highway 126, IAC Commerce Center totals 116 acres and, upon buildout, will include seven industrial buildings totaling approximately one million square feet. The location offers a highly educated and diverse workforce of more than 2.7 million within a 30-mile radius. Current and future tenants include Mechanix Wear, Accurate Freight, Amazon, and a large-scale food manufacturer.
On the north side of Highway 14, you can see The Center at Needham Ranch – the largest industrial development under construction in the State, and possibly the Nation with 4.2 million square feet of new, state-of-art industrial and commercial space when completed. With its proximity to I-5, it’s a great location for a variety of industries from advanced manufacturing to digital media and entertainment. Current and future tenants include Illumination Dynamics and Amazon.
A bit further north in SCV on the south side of Highway 14, you can see the construction of Vista Canyon and their beautiful, new office building – a perfect place for a corporate HQ or growing tech startup. When Vista Canyon is completed it will feature a new Town Center, a variety of housing options and multi-use buildings as well as single family homes. Its location near a stunning new Metrolink Station (a planned relocation of the current Via Princessa station) will surely make it an attractive location for millennials and those who want easy commuting to Downtown Los Angeles and Hollywood.
The Southern California Innovation Park is a sprawling parklike business campus sitting on 160 acres with a secured entrance and designed to take full advantage of its central location, natural beauty, amenities and open space to create a vibrant work environment that enhances both commerce and community. Located within, a new, state-of-the-art industrial building with exceptional truck loading, 32 ‘ clear high ceilings and surrounded by countless amenities including walking trails, parks and great dining is now underway. This business park also features ample room for new build-to-suit opportunities. Current tenants include Boston Scientific Neuromodulation, Alfred Mann Foundation, Bioness and Setpoint Medical.
New development means more and better jobs for our residents. While we continue our commercial and industrial growth over the next few decades, it will help to rebuild and restore our strong economy.
Want to learn more about the growth happening here in the Santa Clarita Valley? Visit: www.scvedc.org/new-development
The Santa Clarita Valley Economic Development Corporation 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. 661.288.4400 | firstname.lastname@example.org