The designation refers to a specific address. It combines a numerical identifier with a street name and type, indicating a particular location within a defined geographic area. As an example, this address could pinpoint a building or complex within a business park.
Such a designation is crucial for logistical operations, facilitating navigation, delivery services, and emergency response. Historically, formalized addressing systems have been essential for urban planning and efficient municipal services, enabling clear identification and management of properties and infrastructure.
This address serves as a point of reference for a range of topics, including local businesses, real estate opportunities, or community events potentially associated with the location. Further exploration will delve into these associated aspects.
1. Commercial Real Estate
Within the sphere of commercial real estate, “1100 Space Park Drive” transcends a simple address. It represents a tangible asset, a locus of investment, and a potential engine for economic activity. Its relevance stems from its potential to house businesses, generate revenue, and contribute to the local economy. Understanding its commercial real estate implications is crucial for evaluating its significance.
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Property Valuation and Investment Potential
The monetary worth of “1100 Space Park Drive” is inherently linked to its potential as a commercial space. Factors such as location, size, condition, and existing lease agreements dictate its market value. Investment potential is influenced by projected rental income, appreciation prospects, and overall market trends. High demand for commercial space in the area would naturally inflate its value and attract investors seeking profitable returns.
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Lease Agreements and Occupancy Rates
The presence of tenants and the terms of their lease agreements significantly impact the property’s revenue stream and perceived stability. High occupancy rates suggest a desirable location with a robust business environment. Conversely, frequent vacancies might indicate underlying issues, such as unattractive lease terms or a declining commercial sector. Analysis of current lease agreements is vital for assessing the property’s immediate and long-term financial performance.
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Zoning Regulations and Permitted Uses
Local zoning ordinances dictate the types of businesses that can legally operate at “1100 Space Park Drive.” These regulations can significantly restrict or enhance its potential. For instance, designation as a high-tech zone might attract specialized companies and drive up property values, while restrictions on certain industries could limit its appeal to a broader market. Understanding these regulations is essential for evaluating the property’s suitability for various commercial ventures.
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Development and Redevelopment Opportunities
Depending on its existing infrastructure and zoning permissions, “1100 Space Park Drive” might present opportunities for expansion or repurposing. The potential to construct new facilities, renovate existing spaces, or adapt the property for alternative uses can significantly increase its overall value and appeal to potential investors or businesses. However, such opportunities are often subject to regulatory approvals and economic feasibility studies.
In conclusion, the significance of “1100 Space Park Drive” within the commercial real estate landscape is multifaceted. Its value, lease status, zoning compliance, and development potential all contribute to its overall attractiveness and economic viability. A comprehensive understanding of these factors is essential for making informed decisions regarding investment, leasing, or development related to this location.
2. Business Operations Hub
The phrase “Business Operations Hub,” when linked to the physical location designated as 1100 Space Park Drive, shifts from mere address to a center of coordinated activity. This signifies a concentration of resources, talent, and infrastructure designed to facilitate the efficient running of multiple enterprises or a particularly large one. This area is not simply a place of work; it’s a strategic point where businesses converge to optimize their operational capabilities.
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Synergistic Colocation
The clustering of diverse yet interconnected businesses at 1100 Space Park Drive creates opportunities for synergy. For example, a tech company might benefit from proximity to a specialized manufacturing firm, fostering innovation through direct collaboration. This proximity streamlines supply chains, facilitates knowledge transfer, and accelerates product development cycles, offering a competitive edge over isolated entities.
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Centralized Infrastructure and Shared Resources
A Business Operations Hub often provides centralized infrastructure services, such as high-speed internet, advanced telecommunications, security systems, and shared meeting facilities. For example, at 1100 Space Park Drive, companies can access these resources at lower individual costs than if they were to establish them independently. This efficiency reduces overhead, allowing businesses to focus on their core competencies and growth initiatives.
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Talent Attraction and Retention
Concentrating businesses in one location creates a larger and more diverse job market. This, in turn, attracts a wider pool of skilled professionals. Potential employees are drawn to the area due to the higher concentration of career opportunities and the potential for professional development. For instance, a skilled engineer might choose to work at 1100 Space Park Drive, knowing that they have multiple options for career advancement within a relatively small geographic area. A broader base is formed with better opportunities for recruitment and talent retention
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Economic Multiplier Effect
A Business Operations Hub can generate a significant economic multiplier effect within the local community. The businesses located at 1100 Space Park Drive support local restaurants, retail establishments, and service providers. These businesses, in turn, contribute to local tax revenues, which fund public services and infrastructure improvements. This creates a positive feedback loop that fuels further economic growth and development. This will create opportunities for development of new businesses around this location.
In summary, the connection between “Business Operations Hub” and 1100 Space Park Drive indicates more than just a physical location. It represents a dynamic ecosystem where businesses can thrive through collaboration, resource sharing, talent concentration, and economic stimulus. Further evaluation may be performed to show how this business operation hub has been helping the business grow for the long run.
3. Economic activity center
The designation of 1100 Space Park Drive as an “Economic activity center” implies more than just the presence of businesses; it signifies a focal point where capital, labor, and innovation converge to generate wealth and opportunity. The building, or complex of buildings, becomes a microcosm of the broader economy, its health and vibrancy reflecting the region’s overall economic condition. The activities conducted within its walls ripple outwards, affecting local employment, property values, and the provision of goods and services.
Consider, for instance, a scenario where 1100 Space Park Drive houses a cluster of technology startups. This concentration of innovative companies attracts venture capital, creates high-skilled jobs, and fosters a culture of entrepreneurship. The effect extends beyond the immediate location, drawing in talent from other regions, stimulating demand for housing and amenities, and ultimately contributing to the growth of the local tax base. Conversely, a decline in business activity at this location, perhaps due to economic recession or industry-specific challenges, would lead to job losses, decreased investment, and a potential ripple effect across the wider community. The fate of the building, therefore, is inextricably linked to the economic well-being of the surrounding area.
In conclusion, understanding 1100 Space Park Drive as an “Economic activity center” is crucial for comprehending its broader significance. The building serves as both a barometer of local economic health and a catalyst for future growth. While challenges such as market fluctuations or regulatory hurdles may impact its performance, its role as a central hub for economic activity remains a defining characteristic, influencing investment decisions, employment patterns, and the overall prosperity of the region.
4. Local Employment Source
The designation of 1100 Space Park Drive as a “Local employment source” carries significant weight within the community. The address represents not just a physical location, but a collection of jobs, livelihoods, and economic opportunities for residents in the surrounding area. The presence or absence of thriving businesses at this location directly impacts the unemployment rate, household incomes, and overall economic stability of the locality. Understanding its role as a source of local jobs is critical to grasping its wider importance.
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Direct Employment Opportunities
The most immediate impact of 1100 Space Park Drive as an employer lies in the direct jobs it creates. Whether the building houses a single large corporation or multiple smaller businesses, it provides opportunities for local residents to earn a living. From administrative staff and technical specialists to managerial positions and entry-level roles, the range of jobs available contributes to the diversity of the local workforce. A company’s decision to locate or expand at this address translates directly into new employment opportunities for the community.
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Indirect Economic Impact and Job Creation
Beyond the direct employment it offers, 1100 Space Park Drive generates indirect economic activity that supports additional jobs in the surrounding area. Local businesses such as restaurants, retail stores, and service providers benefit from the presence of employees who frequent their establishments. This increased demand creates new job opportunities in these ancillary sectors, further amplifying the economic impact of the businesses operating at the address. The success of 1100 Space Park Drive therefore acts as a catalyst for job creation throughout the local economy.
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Skills Development and Career Advancement
The types of jobs available at 1100 Space Park Drive can contribute to the skills development and career advancement of local residents. Companies may offer training programs, apprenticeships, or opportunities for professional development that enhance the skills of their employees. This investment in human capital not only benefits the individual worker but also strengthens the overall workforce of the region. A location housing companies committed to employee growth becomes a valuable asset in fostering a skilled and competitive workforce.
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Community Stability and Economic Resilience
A stable and reliable source of local employment contributes to the overall stability and resilience of the community. When residents have access to consistent employment opportunities, they are more likely to invest in their homes, support local businesses, and participate in community activities. This creates a positive feedback loop that strengthens the economic and social fabric of the region. A strong presence at 1100 Space Park Drive reduces the community’s vulnerability to economic downturns and promotes long-term sustainability.
In conclusion, the “Local employment source” aspect of 1100 Space Park Drive is fundamental to the economic well-being of the area. The building’s role in creating jobs, supporting local businesses, and fostering skills development extends far beyond its physical boundaries, impacting the lives of countless individuals and contributing to the overall prosperity of the community. This makes the continued success and vitality of businesses at this location a matter of significant local importance.
5. Property Valuation Marker
The address, 1100 Space Park Drive, exists not merely as a point on a map but also as a “Property valuation marker.” Its assessed worth serves as a tangible indicator, a reflection of myriad factors from location and square footage to the prevailing economic climate. This assessment, however, is not static; it fluctuates, influenced by market trends, infrastructure improvements, and the fortunes of the businesses it houses. The valuation, in turn, acts as a cornerstone for local taxation, investment decisions, and the overall financial health of the community. An inflated valuation can signal prosperity and attract capital, while a declining one might forewarn of economic downturn and prompt reassessment of local strategies.
Consider a scenario where a major tech company establishes its headquarters at 1100 Space Park Drive. This influx of capital and high-paying jobs invariably drives up property values, both for the building itself and for surrounding real estate. Local homeowners benefit from increased equity, while the city gains from higher tax revenues. However, this prosperity is contingent upon the company’s continued success and commitment to the location. A sudden departure, perhaps due to a merger or relocation, could trigger a significant decline in property values, impacting homeowners, investors, and the local economy alike. The valuation, therefore, acts as a weather vane, sensitive to shifts in the economic landscape.
In conclusion, understanding 1100 Space Park Drive as a “Property valuation marker” provides crucial insights into the interconnectedness of real estate, business activity, and community well-being. While external forces and market fluctuations inevitably influence the valuation, the ongoing monitoring and analysis of these shifts are essential for informed decision-making, promoting sustainable growth, and mitigating potential economic risks. The assessed worth, therefore, becomes more than just a number; it’s a narrative of economic health and future prospects, demanding careful attention and strategic planning.
6. Geographic Coordinates
The numerical address, “1100 Space Park Drive,” gains true locational definition through its corresponding geographic coordinates. Without these coordinates latitude and longitude the address remains abstract, a string of characters lacking precise placement upon the Earth’s surface. It is the coordinates that anchor the building, or complex, to a specific point, determining its climate, its accessibility, and its relationship to surrounding infrastructure and natural features. Imagine searching for a hidden treasure; the map provides the address, but the coordinates pinpoint the exact spot to dig.
The practical significance of this understanding permeates various fields. Emergency services rely on geographic coordinates to dispatch assistance with speed and accuracy, navigating directly to the scene regardless of visibility or familiarity with the area. Delivery services optimize routes, minimizing fuel consumption and delivery times. Real estate developers assess the suitability of a location for new construction, considering factors like flood zones and proximity to transportation hubs, all determined by precise coordinate data. Furthermore, scientific studies of environmental changes, population density, or resource distribution depend heavily on accurate geographic referencing. For example, a geologist studying soil composition needs to know the exact coordinates where samples were extracted.
In conclusion, geographic coordinates are indispensable components of any physical address. They transform a mere name into a precise location, enabling a myriad of applications spanning from emergency response to scientific research. While the address provides a human-readable identifier, it is the coordinates that unlock the true locational significance, underscoring the crucial interplay between abstract information and the tangible world. Without this connection, navigation, logistics, and even understanding environmental changes would be dramatically hindered.
7. Transportation infrastructure
The story of 1100 Space Park Drive is inextricably woven with the threads of transportation infrastructure. Its accessibility, or lack thereof, dictates its prosperity, its draw to businesses, and its contribution to the local economy. Consider the initial vision for this location: potential developers saw opportunity, perhaps a nascent tech hub or a center for logistics. Yet, the reality hinged upon the arteries of access. Were the roads adequate to handle the anticipated traffic? Was public transportation a viable option for employees? The answers to these questions would either pave the way for success or condemn the project to obscurity. The presence of well-maintained highways, efficient public transit, and proximity to air and rail hubs are not merely conveniences; they are foundational elements upon which the edifice of economic activity is built. For example, a manufacturing plant requiring frequent shipments would be rendered impractical without robust trucking routes and nearby rail access.
Delving deeper, observe the subtle but powerful influence of parking availability. Insufficient parking can cripple a business, deterring customers and frustrating employees. A seemingly minor detail can significantly impact a company’s ability to attract and retain talent. Furthermore, the presence of bike lanes and pedestrian walkways speaks to a broader commitment to sustainability and employee well-being, factors increasingly valued by modern businesses. The relationship is symbiotic: quality transportation infrastructure attracts businesses, and the success of those businesses, in turn, generates revenue that can be reinvested in further infrastructure improvements. A thriving office complex generates increased traffic, prompting the municipality to upgrade roadways or expand public transit options, creating a virtuous cycle of growth and accessibility. Conversely, neglected infrastructure can lead to stagnation, discouraging investment and hindering economic development.
Ultimately, the story of 1100 Space Park Drive is a testament to the transformative power of transportation infrastructure. It serves as a reminder that physical location is only part of the equation. Accessibility, connectivity, and thoughtful planning are essential ingredients for creating a thriving economic hub. Neglecting these elements can lead to stagnation and decline, while prioritizing them can unlock the potential for growth and prosperity. Thus, 1100 Space Park Drive provides a compelling case study of the inextricable link between location and infrastructure, highlighting the crucial role of transportation in shaping the economic landscape.
Frequently Asked Questions Regarding 1100 Space Park Drive
The address, 1100 Space Park Drive, evokes a multitude of questions. Its significance extends beyond a mere location, often prompting inquiries regarding its purpose, its impact, and its future. The following section attempts to address some of the most frequently raised concerns with clarity and precision.
Question 1: What type of business typically occupies space at 1100 Space Park Drive?
The occupancy varies. Historically, such addresses frequently house technology firms, engineering companies, or research and development facilities, owing to the “Space Park” nomenclature implying a connection to aerospace or advanced industries. However, the actual businesses present depend on local zoning regulations and market demand. A thorough investigation of current tenants would reveal the specific nature of the enterprises operating there.
Question 2: Is 1100 Space Park Drive easily accessible by public transportation?
Accessibility depends on the surrounding infrastructure. While some industrial parks prioritize vehicular access, others integrate public transportation options. The availability of bus routes, light rail stations, or dedicated shuttle services near 1100 Space Park Drive directly impacts its accessibility. Consulting local transit authority maps and schedules provides definitive answers.
Question 3: What is the average lease rate for commercial space at 1100 Space Park Drive?
Lease rates fluctuate according to market conditions, property features, and tenant negotiations. General averages are available from commercial real estate databases and brokers, but precise figures require direct inquiry with property management. Factors such as square footage, lease duration, and included amenities all influence the final cost.
Question 4: What zoning regulations govern the activities permitted at 1100 Space Park Drive?
Zoning regulations dictate the permissible uses of the property. Local municipal authorities maintain detailed zoning maps and ordinances, specifying which types of businesses can operate at a given location. Consulting these documents is essential to determine the legality of any proposed commercial venture.
Question 5: Has 1100 Space Park Drive been subject to any environmental assessments or remediation efforts?
Depending on the history of the property and the nature of previous occupants, environmental assessments may have been conducted. Public records, accessible through environmental protection agencies, document any known contamination issues or remediation efforts undertaken at the site. Due diligence is crucial before engaging in any development or long-term lease agreements.
Question 6: What are the future development plans for the area surrounding 1100 Space Park Drive?
Future development plans are subject to municipal zoning decisions, infrastructure investments, and market forces. Local planning departments maintain comprehensive development plans, outlining proposed projects and long-term strategic goals. Investigating these plans provides insight into the potential for future growth and change in the vicinity of 1100 Space Park Drive.
These questions and answers provide a general overview of common concerns surrounding 1100 Space Park Drive. Due to the dynamic nature of real estate and local governance, verifying all information with official sources remains paramount.
The subsequent section will explore potential future scenarios and their implications for the long-term prospects of 1100 Space Park Drive.
Strategic Insights Gleaned from 1100 Space Park Drive
The story of 1100 Space Park Drive, though seemingly simple, offers invaluable lessons for businesses and communities alike. It serves as a case study, a microcosm reflecting broader economic forces and strategic choices. Examining its history and potential trajectories reveals critical insights into successful location planning and sustainable growth.
Tip 1: Understand the Ecosystem: Before committing to a location like 1100 Space Park Drive, thoroughly analyze the existing business ecosystem. Are there complementary businesses nearby? Does the location offer access to a skilled labor pool relevant to particular industry? Ignoring these factors can lead to isolation and hinder growth. A biotech firm, for instance, benefits from proximity to research universities and other pharmaceutical companies.
Tip 2: Prioritize Infrastructure Connectivity: Accessibility is paramount. Consider not only highway access but also public transportation options, parking availability, and even bike lanes. A business reliant on frequent shipments will suffer if the roads are inadequate. Similarly, attracting talent becomes difficult if employees face a burdensome commute. The success of 1100 Space Park Drive hinges on its seamless integration into the broader transportation network.
Tip 3: Conduct Thorough Due Diligence: Before investing in or leasing space, perform a comprehensive due diligence investigation. This includes reviewing zoning regulations, environmental assessments, and any potential legal encumbrances. Discovering a hidden environmental hazard after signing a lease can prove disastrous. The story of many forgotten industrial sites serves as a stark warning.
Tip 4: Foster Community Engagement: A business thrives when it actively engages with the surrounding community. Supporting local initiatives, participating in community events, and offering educational programs can cultivate goodwill and strengthen ties. A business operating in isolation risks becoming an outsider, alienating potential customers and employees. 1100 Space Park Drive should be more than just an address; it should be an active participant in the neighborhood.
Tip 5: Embrace Adaptability: The economic landscape is constantly evolving. A location that thrives today may face obsolescence tomorrow. Businesses must remain adaptable, constantly reassessing their strategies and embracing innovation. A willingness to repurpose space, explore new markets, and adapt to changing technologies is crucial for long-term survival. Static strategies lead to stagnation.
Tip 6: Think Long Term, Act Strategically: Every decision regarding 1100 Space Park Drive, from leasing agreements to infrastructure investments, must be viewed through a long-term lens. Short-sighted gains often lead to unsustainable outcomes. A strategic vision that considers future growth, environmental sustainability, and community impact is essential for creating lasting value.
Tip 7: Leverage available technologies: Utilizing technologies for facility management and business productivity can drastically increase efficiency of the work environment.
These lessons, drawn from the potential success and challenges associated with 1100 Space Park Drive, underscore the importance of strategic planning, thorough due diligence, and a commitment to long-term sustainability. By embracing these principles, businesses and communities can maximize their potential and build thriving, resilient economies.
The final section will synthesize these insights, offering a concise overview of the key takeaways from this exploration of 1100 Space Park Drive.
1100 Space Park Drive
This exploration has revealed the significance of 1100 Space Park Drive extending far beyond its alphanumeric designation. It’s a nexus point where economic forces, employment opportunities, geographic realities, and transportation infrastructures converge. The address is a reflection of community, business, and economic activities, serving as a tangible marker of property values and economic pulse, reminding us that a building is much more than bricks and mortar; it is a confluence of human endeavour, investment, and hope.
The story of 1100 Space Park Drive serves as a continuous lesson that prompts all of us to think strategically, act sustainably, and understand the broader implications of every location-based decision. It is a reminder that successful building is not just about physical structure, but about contributing meaningfully to society and building a legacy that will endure.
