IE Business Daily Business news for the Inland Empire.
An Orange County developer has broken ground on a 125-acre industrial project in Calimesa.
Birtcher Oak Valley Commerce Center will consist of four industrial buildings that collectively will cover 2.2 million square feet, according to Birtcher Development in Newport Beach.
The project, at Singleton and Roberts roads next to Interstate 10, is meant to capture part of the next industrial boom anticipated for the Inland Empire’s east end.
“We are bullish on the growth in the Oak Valley I-10 Corridor given its strategic location just beyond Redlands and deep untapped labor market,” said Brooke Birtcher Gustafson, managing director, Birtcher Development, in a statement “This [project] is expected to draw long-term corporate credit tenants that will considerably benefit the city and community of Calimesa.”
Birtcher Development bought the property from Oak Valley Development Co. LLC for an undisclosed sum. Oak Valley Development obtained entitlements for the project earlier this year.
First phase of the project will cover 1.2 millions square feet and be completed in the second quarter of 2023. Phase two, which will cover one million square feet, is expected to be finished in the third quarter of 2023.
An estimated 375,000 vehicles pass by the site on a typical day, according to the California Department of Transportation.
Cost of the project was not disclosed. Oak Valley Development Co. plans to build an 80-acre retail project next to the commerce center that will be completed by 2023, according to the statement.
