IRVINE, CA—The 40-million-square-foot World Logistics Center project in Moreno Valley is a step above what others are doing in the industrial sector, Orange County-based Cox Castle Nicholson's Ken Bley tells Globet.com. CCN represented developer Highland Fairview in the entitlement of the center, which will be the largest such facility in the US. The entitlements approved by Moreno Valley's City Council included general plan amendments, rezonings, a specific plan and a development agreement, all based on a programmatic EIR. The center is projected to create more than 10,000 construction jobs and approximately 20,000 operational jobs once completed and will generate millions of dollars in benefits to Moreno Valley and its residents. It will also be the cleanest facility of its kind due to its requirement that it be served only by trucks that meet recently enacted clean-air regulations, which will not be generally imposed by the state for another decade.
We spoke exclusively with Bley about the project, why it's unique and what it represents about the logistics sector.
GlobeSt.com: How is the World Logistics Center representative of the industrial building of the future?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
