LATHROP - River Islands at Lathrop is now actively marketing its 375-acre business park.
Cambay Group has hired a full-time marketing director whose job it is to pitch the advantages of the business park component of the 4,800-acre project.
River Islands development manager Susan Dell’Osso said those advantages include:
• electricity 25 to 30 percent lower than PG&E rates via the Lathrop Irrigation District established in consultation with the South San Joaquin Irrigation District.
• up to $44 million in incentive rebates that will be paid by future home sales under a formula designed to lure jobs to make River Islands a true multi-faceted community.
• the fact it is a true business park and will not have distribution centers like others in the area.
• a location that can take advantage of a highly skilled and educated commuter pool who could be paid less than they make in the Bay Area and effectively not take a pay cut by eliminating the expense of a daily commute over the Altamont Pass.
• a direct link to the Cambay Telecom’s San Francisco-based 456,000-square-foot data center that is home to nearly 60 local, national, and international telecommunication companies and Internet service providers.
• a location at the mid-point between San Jose, San Francisco and Sacramento markets.
• being part of the River Islands at Lathrop project that includes 10,800 homes and unique river access.
“We believe this is a deal for Silicon Valley-based companies that want to reduce their labor costs but want to stay in Northern California,” Dell’Osso said.
Many commuters have discovered they can take jobs in the valley for at least $4 to $5 less per hour and still have the same real take home pay after commuter costs are eliminated.
A company with 100 employees could theoretically save $3,200 a day in labor costs and still employ workers who are now employed at Silicon Valley high tech firms but live in the Northern San Joaquin Valley. That could equate to $832,000 in annual payroll savings.
There are 200 acres ready to develop with secured sewer and water. Another 175 acres will be released at a later date.
River Islands is breaking ground in early 2011 on the $17 million twin 300-foot bridge decks to ultimately connect the heart of the proposed 10,800-home planned community with neighborhoods in the Mossdale Landing community west of Interstate 5.
It will be at least three years before roads are connected with the bridge. Permits for the bridge crossing expire in 2011. Cambay Group opted to proceed to avoid the risk of having to see new permits plus take advantage of lower construction costs.
Home sites could start selling in 2011 depending upon the market.
Cambay Group has hired a full-time marketing director whose job it is to pitch the advantages of the business park component of the 4,800-acre project.
River Islands development manager Susan Dell’Osso said those advantages include:
• electricity 25 to 30 percent lower than PG&E rates via the Lathrop Irrigation District established in consultation with the South San Joaquin Irrigation District.
• up to $44 million in incentive rebates that will be paid by future home sales under a formula designed to lure jobs to make River Islands a true multi-faceted community.
• the fact it is a true business park and will not have distribution centers like others in the area.
• a location that can take advantage of a highly skilled and educated commuter pool who could be paid less than they make in the Bay Area and effectively not take a pay cut by eliminating the expense of a daily commute over the Altamont Pass.
• a direct link to the Cambay Telecom’s San Francisco-based 456,000-square-foot data center that is home to nearly 60 local, national, and international telecommunication companies and Internet service providers.
• a location at the mid-point between San Jose, San Francisco and Sacramento markets.
• being part of the River Islands at Lathrop project that includes 10,800 homes and unique river access.
“We believe this is a deal for Silicon Valley-based companies that want to reduce their labor costs but want to stay in Northern California,” Dell’Osso said.
Many commuters have discovered they can take jobs in the valley for at least $4 to $5 less per hour and still have the same real take home pay after commuter costs are eliminated.
A company with 100 employees could theoretically save $3,200 a day in labor costs and still employ workers who are now employed at Silicon Valley high tech firms but live in the Northern San Joaquin Valley. That could equate to $832,000 in annual payroll savings.
There are 200 acres ready to develop with secured sewer and water. Another 175 acres will be released at a later date.
River Islands is breaking ground in early 2011 on the $17 million twin 300-foot bridge decks to ultimately connect the heart of the proposed 10,800-home planned community with neighborhoods in the Mossdale Landing community west of Interstate 5.
It will be at least three years before roads are connected with the bridge. Permits for the bridge crossing expire in 2011. Cambay Group opted to proceed to avoid the risk of having to see new permits plus take advantage of lower construction costs.
Home sites could start selling in 2011 depending upon the market.
