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| Venture Corporation Inc., has acquired 9.3 acres of
land in Lancaster for medical and office condominiums and
has in escrow another property for commercial and
high-end industrial condominium units. |
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| The Lancaster project, designed to attract buyers in
the medical field, is due to break ground in January and
should be completed in October. It is located north of
Avenue J between 16th and 17th streets west, across from
the Antelope Valley Medical Center. The project consists
of two two-story buildings, ranging in size from 7,000-to
10,000-square feet. Each building will be subdivided into
for-sale units of 1,200 to 5,000 square feet. |
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| According to information form Venture Corporation,
the Palmdale project - to be called Venture Commerce
Center - will feature 35 privately owned properties
ranging from 1,139 to 2,656 square feet in five separate
buildings. Most have two stories and all have finished
restrooms. The rear side of most of the properties,
Venture Corporation says, will have storefront windows
with a glass access door and others will have a roll-up
truck door. |
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| The Palmdale buildings should be ready for occupancy
in the fall of 2006. "Lancaster is different in that
it needs street widening," Marciniak said. The
developer will widen 16th and 17th streets west, bring in
utilities and put in curbs and gutters. Venture
Corporation, according to a recent press release, is the
West Coast's largest builder of privately owned
commercial buildings for small companies. |
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| "They have developed a concept popular in
Northern California," Marciniak said. "They
feel the concept will be popular in other areas of
California. They were drawn to the growth in the Antelope
Valley and decided to invest in the area. They were
impressed by the amount of residential development,
especially with respect to the Palmdale location, and the
other commercial activity in the area. In Lancaster they
saw opportunity in the proximity to the Antelope Valley
Hospital." The company is known for its Morgan Hill
Ranch development, Silicon Valley's largest business
park. |
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