East Palmdale's Building Boom

A shopping center that will bring a Starbucks and a Chili's restaurant is being seen as the beginning of a retail development boom on Palmdale's east side.

The development project at Avenue S and 47th Street East will contain more than 60,000 square feet of retail and office space and is expected to be completed in about six months. The goal seems to be that of having large retail centers at both ends of town - the Antelope Valley mall and surrounding commerce area on Palmdale's West side (just off the 14 freeway) and now this newly proposed commerce development on the edges of town on the East side. The East side has really been enjoying a building boom which has included the addition of some GREAT family amenities.

The Chili's restaurant will occupy just over 6,100 square feet, employ between 120 and 140 people, and will seat between 225 and 250 customers.

The Starbucks, which will be Palmdale's fourth, will cover 1,800 square feet and will have drive-through service.

A Subway sandwich shop is also slated to be part of the project.

Other buildings planned as part of the complex include a 9,785-square-foot, single-story, multiple-tenant retail building, and three two-story retail buildings that would total 24,210 square feet of retail and restaurant space on the ground floor and 21,500 square feet of professional office space on the upper floors.

Among the statistics the development team is using to lure in tenants is the fact that more than 65,000 people live within three miles of the center. The average household income is over $60,000 a year.

In addition to the Park Plaza project, NAI Capital is working on an even bigger east side project: a 433,000-square-foot shopping center at Palmdale Boulevard and 40th Street East. The company is in talks with movie theater chain Cinemark about being the center's lead anchor business.

The concept for the center involves mid-size retailers - stores in the 25,000- to 50,000- square-foot range. Linens, sporting goods, pet supplies and electronics stores are examples of the types that would fit that size range.

Another major project in the works for Palmdale's east side is a shopping center at the northwest corner of Avenue R and 47th Street East that would be anchored by a Target store and a Home Depot. The center will have over 500,000 square feet of space spread out in 17 buildings on an approximately 50-acre site.

The Avenue R and 47th Street East intersection is poised to turn into a major retail center. There are three other projects proposed: a center anchored by a Rite Aid drug store on the southeast corner, a Vallarta supermarket on the northeast corner, and a small center with a Tom's hamburger restaurant on the southwest corner.


Sandee Conley
www.real-estate-palmdale.com
Questions? Send me an email!

Venture Commerce Center in West Palmdale


I had an interesting conversation yesterday with one of my clients. We are both "long term residents" of Palmdale and can remember when there was nothing here but the AV Mall on Rancho Vista Blvd. and Target just to the east of that. Coming from the beach area and the BIG CROWDS, it was a little weird to be the only person in a Target store! The AV has many different commercial and residential building projects still going on - the Venture Commerce Center, located between Trade Center Drive and 5th Street West in Palmdale, is the latest commercial development to sprout up from the desert floor. An interesting point to note regarding the Venture Commerce Center development is that you can actually purchase your own newly constructed business property - the development comprises privately owned business properties for sale. Why pay rent? At today's interest rates, it's less expensive to own your property. Ownership benefits would include property value appreciation, tax benefits, and increasing owner equity. If you are interested in buying your own business property - businesses include legal, technology and brokerage offices - give me a call. I'll be happy to provide more information.

Sandee Conley
www.real-estate-palmdale.com
Questions? Send me an email!