May 8, 2018 > Newark is Hot
Newark is Hot
Submitted By Valerie Boyle
Newark Mayor Alan Nagy delivered his State of the City Address on April 19th at the DoubleTree by Hilton, Newark-Fremont. Members of the business community, City of Newark representatives and elected representatives filled the ballroom to capacity. Guests were welcomed to the festive sounds of the ?Newark Saxophone Quartet.?
In a Snapshot: Newark is Hot! Mayor Nagy spoke of his love of history and anything Newark. He emphasized his desire to preserve Newark?s rich heritage and the warm, small town atmosphere residents say they love, as well as his commitment to planning and developing the community with an eye towards a sustainable future.
Location, location, location - Newark?s proximity to major tech hubs as well as highways is a major reason why businesses and developers are locating to Newark. Newark is on the cutting edge of technology with businesses in the computer tech, bio med, and life science industries. Also, residential and commercial development is providing a variety of housing options and greatly expanded job opportunities.
Nagy noted some of the commercial development projects over the last year. Companies Newark has welcomed include ATUM, a well-known biotechnology engineering firm, Mission Linen Supply, a state-of-the-art facility projecting up to 400 employees when at full-scale operation, Sprouts Farmers Market, and Lucid Motors, an electric car startup which doubled the size of its offices, moving their headquarters to Newark, adjacent to their design center. And DeVry University that moved its local campus to Newark.
Panattoni Development Company which specializes in industrial, office, and build-to-suit development has plans that include the construction of three advanced manufacturing buildings. Adjacent to the Pacific Research Center is Kateeva, whose innovations in OLED technology have redefined digital screens. Kateeva expanded its Newark headquarters by 75,000 sq. ft., with a total footprint to 150,000 sq. ft.
One of the premiere projects in the City is the transformation of NewPark Mall. AMC-IMAX, John?s Incredible Pizza and Jack?s Restaurant and Bar were among the first new major tenants, followed by 24 Hour Super Sport Fitness facility. The mall continues to expand with the recent addition of Vinum Wine Bar; more openings are scheduled in 2018. Surrounding the mall, the ?Greater NewPark Area,? is also active. Staybridge Suites will open in late 2018 and Springhill in 2019. Holiday Inn and Suites will begin construction soon, to open in 2019, and Lazy Dog Restaurant plans to open by the end of 2018.
Nagy ended the address by talking about City sponsored projects: dog parks, a skate park, all-weather turf fields at the Silliman Sports Complex, and the renovation and upgrades recently completed at the George M. Silliman Community Activity Center. Old Town Newark is also targeted by a City planning process to revitalize the commercial area. And last, but not least, underway is design work on a new Civic Center including a modern police operations center, a world class library and an efficient and accessible City Administration building. ÿIt is anticipated construction will begin summer 2018 with occupancy in the Summer/Fall 2020.
Nagy reported that the City?s budget is balanced - with a projected surplus for the current fiscal year, including a positive economic forecast for the City that projects solid economic and revenue growth. A close eye will be kept on the State?s budget and its associated unfunded mandates, rising employer pension costs of CalPERS and continued financial strain on California municipalities. Newark is optimistic about navigating through these issues.
The Chamber is proud to partner with the City of Newark in presenting this annual event and appreciates the presentation prepared by the city team and Mayor Nagy. Our most sincere thanks to our event sponsors: Major sponsors include Integral Communities, Kaiser Permanente, Trumark Homes, Lion Newark Shopping Center, Washington Hospital Healthcare System, Cargill, Republic Services, DoubleTree by Hilton Newark-Fremont, Ray?s Crab Shack, Bay East Association of Realtors, and William Lyon Homes, with supporting sponsorships from PG&E, Masonic Homes of California, Pacific Realty Partners, AC Transit and Tri-City Voice.