How are we feeling about things these days? Take a drive down 580 thru Dublin and Livermore. There is new construction springing up and spreading out. Notice the new Paragon Outlets that just opened in Livermore, right off 580. The grand opening was absolutely mobbed, with local traffic reporters noting the backup on 580. All these homes being built and this new outlet mall opening are examples consumer confidence, of a strengthening financial picture. Does this mean the economy might be improving? Here in the San Ramon Valley that just may be the case.
We have noticed a big change in the Real Estate market here. Very low inventory and very high demand for homes has taken realtors by storm. There is something about this area that folks are wanting in on. A few big name companies are relocating their headquarters to this area. The school system is attracting well educated families in droves. But a new high end outlet mall?? Do the owners of Paragon Outlets know something we don’t? Aren’t we supposed to be in a down economy? Maybe not anymore.
Paragon Outlet Partners LLC is a commercial real estate development firm and is based in Baltimore, Maryland. They currently have 3 high end outlet malls located in Orlando Florida, Grand Prairie Texas, Livermore California, and soon in Charlotte North Carolina. Their team of principals carefully selects strategic locations based on strong demographics and easy access from major roadways. Among their goals is the ability to keep up with trends of fashion and ride out fluctuations in the economy. This is the first outlet mall to open in California since 2001. Their target market is upscale consumers in growing areas.
And this place is mighty upscale. Just a few of the tenants in this new shopping destination include: Bloomingdales, Coach, Dooney & Bourke, Michael Kors, Prada, Saks off 5th, Kate Spade, and Bose. And that’s only some of the shopping choices available! Think of the exercise we’ll get exploring all these stores!
The vision was to create an inviting and pleasant shopping environment to entice shoppers to shop often and longer. There are a handful of food options within the mall to help give shoppers needed fuel. Offerings include Japanese, Chinese and Italian cuisine, Starbucks, Subway, and for your sweet tooth, even a Ghirardelli Chocolate Outlet store!
There are grand opening events going on during the weekend of November 8-11. On Saturday November 10th, there is a “Sip and Shop” where 15 local Livermore wineries will be in attendance to offer tastings. Shopping and wine? What’s not to like? Come check out the new Paragon Outlets. While you are driving there, look out to the north and take note of all the new building of homes that is spreading eastward. Builders are employing that movie line “if you build it, they will come.” In the real estate market, we are finding this to be true. Just think about the favorable impact all these shoppers will have on our local economy. The gas stations, the restaurants, other nearby shopping areas… This is a glowing example of growing consumer confidence at work in the San Ramon Valley.
Call or email us today, and we can help you begin a search for your new home.