October 19, 2017 Comments Off on World Oil, Trammell Crow Unveil 260-Acre Bakersfield Commons Views: 1529 California News, Top California

World Oil, Trammell Crow Unveil 260-Acre Bakersfield Commons

World Oil Corporation and master-developer Trammell Crow Company (TCC) unveiled plans for Bakersfield Commons, a new pedestrian-oriented, mixed-use community located in Bakersfield, CA. The 260-acre, fully-entitled project at 1850 Coffee Rd. will include 400,000 square feet of office, 300,000 square feet of retail, 280,000 square feet of light industrial, more than 1,000 residential units, as well as a 200-bed hospital and a wellness campus.

Trammell Crow’s Abbey Ehman says, “We are excited to share that we have increased the initial offering, and now plan to include a hotel and recreation site in our first phase. Nearly 25% of the lifestyle retail is pre-committed, including a luxury theater that will offer 12 new state-of-the art movie screens to Bakersfield.”

Construction on the master-planned project is set to begin in 2018, with the first development pads delivered in late 2018 and anticipated delivery of Phase I in 2019.

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