Welcome to the Business in Fairfield Blog where the City’s Economic Development team will give exciting news and information about Fairfield’s business community. Don’t forget to check back every Wednesday for a new post; you can also subscribe and get the information as they are posted.
City of Fairfield Year in Review. Last year, 2013 was a great one for Fairfield and the City is climbing out of the recession stronger than ever. Here is a recap of what happened in 2013.
It was a robust year for the retail sector. After a strong ending to 2012 with the opening of Lowe’s, we rolled right into the opening of H & M and Forever 21 at the mall. That strong momentum carried over to the auto mall with the opening of Carmax and Chrysler and then the opening of an Airstream dealership in Solano Business Park.
It was also a great year for land sales as the City continued to sell surplus property that has helped spur new construction development in Fairfield. As you might recall, the City sold over $5.5 million worth of real estate in 2012. In 2013, we sold an additional $2 million worth of properties.
These land sales have led to the construction of a new 10,000-square foot DaVita dialysis center on North Texas Street as well as a 300,000-square foot industrial building on Cordelia Road. We expect another 650,000 square feet of new industrial development to begin construction in the next couple of months.
Fairfield’s industrial sector has been the strongest it’s ever been ending the year with just a 4.1% industrial vacancy rate. New companies that have joined an ever growing number of industrial businesses in Fairfield include Bruni Glass, Encore Glass, Heretic Brewing Company, Johnson Burners, Saxco International and many others.
And last but not least, we added a new member to our ED team, Bryan Briggs. Bryan, our new project manager is a welcome addition and will help ensure that 2014 will be even better than 2013.