Yesterday, the LA County Board of Supervisors voted unanimously (5-0) to approve the next phase of the Valencia Vision by Fivepoint: Entrada South and the Valencia Commerce Center [valenciafuture.com].
Together, these two development projects will provide more than 1,500 new and affordable homes and nearly 4 million square feet of commercial space on the westside of the Santa Clarita Valley.
Here is a breakdown of additional benefits Entrada South and the Valencia Commerce Center will provide:
- The over 1,500 new homes will consist of: condos, townhomes, and single-family detached condos
- Nearly 200 affordable homes combined onsite & offsite
- Significant space for community retail use
- The Valencia Commerce Center will feature over 3 million square feet of industrial and commercial space
- More than 10,000 jobs is estimated to be created as a result of the economic development component
- $62 million contribution to the County’s The Old Road project
- More than 340 acres will be preserved as open space that will include recreation amenities, public trails and a 5.4-acre park
More information including a project rendering included here [signalscv.com].
We want to thank the following BizFed members who spoke up and spoke out in support of the project:
Nella McOsker, Central City Association
Stephen Cheung, LA Economic Development Corporation
Rich Lambros, Southern CA Leadership Council
Mikayla Gibson, Valley Industry Commerce Association
Scott Wilk, Building Industry Association of Southern CA
Ondre Seltzer, Santa Clarita Valley Economic Development Corp.
Nancy Starcyk, Southland Regional Association of Realtors
John Musella, Santa Clarita Valley Chamber
Carlos Singer, LA Area Chamber of Commerce
Naomi Scott, Greater LA African American Chamber of Commerce
Tracy Hernandez, Founding CEO, BizFed
