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First retailer at Plaza opens

Lowe’s holds grand opening in Canyon Country

Posted: August 28, 2008 8:52 p.m.
Updated: October 30, 2008 5:01 a.m.

Cashier Monica Camphor, from Lancaster, rings out Justin Renolds and his one-year-old son Lucas Renolds after shopping at The Plaza at Golden Valley's grand opening of the Lowe's store in Canyon Country on Thursday.

 
Complete with a “board cutting” ceremony, city and business leaders hosted a grand opening celebration for Lowe’s on Thursday, the first tenant to open at the Plaza at Golden Valley in Canyon Country.

The 620,000-square-foot retail center, located between Golden Valley Road and Via Princessa alongside Highway 14, is the first major shopping center to open in Canyon Country.

Businesses will be opening in phases and clothing retailer Kohl’s is set to open Oct. 1, according to Michael Strahs, vice president of development for Terramar Retail Centers, which is developing the Plaza.

Circuit City and Bed, Bath and Beyond will open in the fall while Target will open March 8, 2009.

Bank of Santa Clarita will also open its third branch in February and a Chili’s restaurant is expected to be built at the Plaza.

According to Laura Biery, administrative analyst for the city’s economic development department, the Plaza’s expected sales tax revenue for the 2008/09 fiscal year is projected to be between $900,000 and $943,500.

However, since all the retailers will be open by March of next year, Biery said they are expecting the revenue to increase in the coming years.

During the ceremony, local business and city leaders expressed their gratitude for what Lowe’s and the remaining Plaza tenants will bring to the Santa Clarita Valley.

“We are excited about Lowe’s being the first of many retailers that are coming to the Plaza,” Strahs said.

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