The fact Great Wolf is now rising along the 120 Bypass coupled with the draw of Big League Dreams and strong demographics has turned vacant commercial properties near where Airport Way and Daniels Street intersect into arguably the hot spot in the Northern San Joaquin Valley based on inquiries from developers of retail projects.
Don Smail, the city’s economic development manager, told the Manteca City Council last month that the former redevelopment agency parcel on the northwest corner of Daniels and Airport that will soon go to auction to the highest bidder gets between two and four inquires a week.
At the same time privately held property being marketed for development on the west side of Airport Way that would border Wawona Street of if were extended westward is generating a lot of interest.
The site planned for four commercial strictures and required parking covers almost six acre. It is being marketed at $25 per square foot. The envisioned development includes a three story 90-room hotel, a 4,000 square foot quick service restaurant with drive-through lane, a 6,o000-square-foot restaurant and 11,640 square feet of retail space.
The fact Great Wolf when it opens their 500-room hotel and indoor water park in mid-2020 projects 500,000 guests a year while BLD draws 400,000 plus people annually is a big selling factor.
Equally impressive are the demographics. The average household income within a mile is $99,571 and $85,786 within five miles. The household density within a mile —on a square mile basis — is 857 residents and 832 residents within three miles. There are 1,274 households with children within a mile and 15,291 within three miles.
There are currently 15,000 average daily trips on Airport Way and 10,000 on Daniels Street east of Airport Way. The stretch of Daniels currently dead-ends by Costco.
Private sector retail brokers agree with Manteca Mayor Ben Cantu’s assessment that once Great Wolf the general area “is going to bust loose” with commercial investment.
It also helps that 375 or so apartments are also being considered for land fronting Milo Candi Drive across from BLD and immediately west of where the above mentioned retail project is located .
To contact Dennis Wyatt, email dwyatt@mantecabulletin.com
