The Southland developer says it is responding to the proliferation of new housing and industrial construction in the immediate area of Castaic, Calif. The commercial project will be anchored by Tutor Time daycare center. The property is located 27000 The Old Road and is adjacent to over 500 new homes and the Valencia Commerce Center. The site is also near the intersection of Interstate 5 and 126.
Tutor Time will occupy a separate 10,000-sf building at the new development, to be called Tutor Time Center. Two other buildings totaling 21,000 sf will comprise the balance of the project. Brian Munson and Ken Shishido of Lee & Associates are marketing the new center. A fourth-quarter start of construction is scheduled, with opening expected the first quarter of 2003.
The project is the first new commercial endeavor to be built in the area in over a decade. It is a direct result of the rapid growth of residential and business property development in the surrounding area. Because of the influx of new residents and businesses there is a mounting demand for daycare and related services for people living in Castaic and working in nearby Valencia, according to a broker on the deal.
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