5 Reasons Companies are Taking a Fresh Look at La Jolla UTC
With completion of major makeover projects just around the corner, La Jolla UTC is getting a new wave of interest from companies looking to relocate to the area. For years, its central location connecting the growing life sciences community of Carlsbad and the dynamic business community of downtown has been home to organizations that represent diverse industries, products and services. The renewed interest from businesses across San Diego and California is now bringing new neighbors to the existing tenants. And while each organization has its own reason to look for a new home, here are the top five reasons companies are considering moving to La Jolla UTC:
1. New and revitalized buildings offer best-in-class innovative amenities for the ultimate corporate and employee experience. Helping employees recharge during the work day is one of the key strategies that encourages sustainable productivity and lowers employee turnover. Real estate developers and property management companies now become their customers’ partners in creating that balance.
Designed in rustic, ultra-modern and contemporary styles, workplace communities in La Jolla UTC feature Wi-Fi enabled outdoor workspaces, inviting indoor common areas, socially-engaging fitness facilities, on-site healthcare and dry cleaning – each detail being a result of carefully thought through planning and investment. The Irvine Company has invested $150 million in La Jolla UTC with its nextgen new developments: One La Jolla Center, Eastgate Summit and Eastgate Terrace. An additional $23 million has been invested in upgraded amenities at Executive Square and The Plaza.
2. La Jolla UTC is a vibrant community that offers great live-work-play options. Whether you are into shopping, dining out with friends, or just relaxing on the beach, there’s something for everyone in this lively community.
The Westfield UTC mall, presenting its expansion in October, will feature additional 250,000 square feet of dining, shopping and entertainment space.
Nordstrom will be unveiled as a two-story venue that will span 145,000 square feet. Among the new tenants are luxury furniture-maker Arhaus, MAC Cosmetics, clothes line Marine Layer, jewelry designer Swarovski, footwear retailer ECCO and upscale Larsen’s Steakhouse.
Outside, numerous new gardens, a Pop Jet water fountain for kids, an art walk and outdoor plazas will complete the experience.
Beyond the mall boundaries, world-class recreational activities such as biking, golfing, hiking, surfing, parasailing are complemented by social events, posh movie theaters and great restaurants, such as the highly anticipated Red O Restaurant at The Plaza.
3. The new transportation hub, innovative workplaces and proximity to UCSD help attract top talent. According to Pew Research, millennials now have officially surpassed Baby Boomers to become the nation’s largest living generation. This is the group that tends to work to live, rather than live to work, so features such as a full-service gym or a common social area become additional assets during the recruitment process.
Millennials also redefine the meaning of transportation, more than ever choosing ride-sharing options, public transportation and biking. An answer to their needs is the upcoming investment by the San Diego Association of Governments (SANDAG) which will extend the Trolley line to La Jolla UTC from downtown.
4. With the introduction of The Vine, La Jolla UTC creates a launch pad for startups in emerging and fast-growth industries. From technology to life science companies, co-working communities provide more than just the collaborative workspace. The Vine is the epicenter of a broader startup ecosystem of events, networking opportunities and impactful partnerships with accelerators such as EvoNexus. It provides private offices complemented by spacious conference rooms and co-working areas, as well as event spaces to the most forward-thinking companies.
For more mature startups, La Jolla UTC premium commercial real estate companies offer flexible leasing options that optimize the office space based on company growth.
One of the top reasons startups consider La Jolla UTC location is the dynamic networking environment where they can meet potential business partners, service providers, talent and investors. Whether at a happy hour, in The Commons of the office building or a yoga class, there’s an increasingly good chance you’ll bump into your next VC connection or a business partner.
5. 10 minutes from the beach. While all of the above are convincing reasons to consider La Jolla UTC, there’s something to be said about being able to bike to the beach after work to watch the sunset. That emotional connection to La Jolla UTC – the place to live, work and play – is undeniable.