An advanced manufacturing project in Fremont has progressed with the purchase of a 4.2-acre site for $6.8 million by North Palisade Partners. This acquisition follows the Fremont City Council's decision to rezone the property for industrial technology use, facilitating the development of advanced manufacturing facilities. Fremont Mayor Raj Salwan emphasized the investment's role in creating high-tech jobs, noting that nearly 25% of local jobs are in advanced manufacturing. The proposed building is set to encompass 69,900 square feet, supporting the city's goal of fostering a robust economic base.
The new zoning designation enables the development of advanced manufacturing facilities and those types of operations. This significant investment is great news, Fremont Mayor Raj Salwan said.
We couldn't be more excited to be part of Fremont's work to attract a strong, thriving cluster of advanced manufacturing, said John Peterson, a partner with the North Palisades real estate firm.
Fremont estimates that nearly 25% of the jobs in the city are in this employment category. This success isn't accidental, Mayor Sawan said.
This kind of teamwork supports our ongoing efforts to attract high-tech, advanced manufacturing companies that create great jobs right here in our city.
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