The City of Lancaster has partnered with the Antelope Valley Healthcare District (AVHD) to kick-start the building of a mixed-use health district called “Medical Main Street”. Lancaster and the AVHD have each invested $200,000 with private investors pitching in another $100,000 for a comprehensive master plan with Sargent Town Planning, the same firm the city used to design the Lancaster Auto Mall and the 7-time award-winning downtown transformation project dubbed “The Blvd”.
"...what it's going to do also is increase your property value." | Inspired by The Blvd, the city intends to increase its tax base as studies show that a six-story mixed-use building taxes for about $415 an acre as opposed to only $7 an acre for a “big box” store or $3.70 an acre for residential projects. The Medical Main Street development will initially cost $10 million and the City of Lancaster already has about $15 million set aside. "We invest our efforts into what you guys are doing and what we can grow here, it's going to benefit our community, it's going to increase our tax base and it's going to increase our sales tax opportunities," said Jason Caudle, Deputy City Manager of the City of Lancaster. "But I think what it's going to do also is increase your property value." |
Centered around the Antelope Valley Hospital, the 360+ acre project will include medical office buildings, assisted-living and/or senior housing, restaurants, condos, a hotel, and retail shopping creating a walkable atmosphere. So if you’re visiting a loved one in the hospital you have a hotel to stay or if you have a medical condition you can live near the hospital in case of emergency, hospital employees will have places to eat in walking distance, and for everyday living within the Medical Main Street district you won’t need a car.
The design work is expected to be complete within a year and the project built within 3 to 5 years.
The design work is expected to be complete within a year and the project built within 3 to 5 years.
Lancaster council members recently voted 3-0 to approve the Medical Main Street conceptual framework noting the project would create jobs and provide high quality healthcare. Due to financial interests in the area, Lancaster Mayor R. Rex Parris and Councilman Ken Mann recused themselves from the vote. Parris owns property in the area and Mann has a restaurant, Camille’s Sidewalk Cafe.
Medical Main Street will serve the community by providing higher quality care and education on preventative healthcare, “What we’re trying to do is improve the health and welfare of the community by educating the public, helping them to take care of themselves better,” said Dr. Doddanna Krishna, Chair of the AVHD.
The Antelope Valley Hospital, which is operated by the Antelope Valley Healthcare District, owns about 40% of the vacant land in the Medical Main Street district. City Manager Mark Bozigian told committee members, "This is where you’re going to see everything happen. We have an absolutely unique asset in the city of Lancaster. We have the health care district. We have this facility, we have this land."
The Antelope Valley Hospital, which is operated by the Antelope Valley Healthcare District, owns about 40% of the vacant land in the Medical Main Street district. City Manager Mark Bozigian told committee members, "This is where you’re going to see everything happen. We have an absolutely unique asset in the city of Lancaster. We have the health care district. We have this facility, we have this land."
As this and several other multi-million dollar projects are built, the surrounding values will no doubt increase. To learn how you can properly position yourself to be a part of this growth, be sure to attend our next live event or give our offices a call at (844) RTA-LAND (782-5263).
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