The hot development spot in South Orange County is the Crown Valley Parkway corridor in Mission Viejo.

Located at the heart of one of the most affluent growth markets in the nation, the corridor is the commercial, medical and education center of South County. New developments include widening and beautification of the parkway and a 20-year expansion of the Mission Hospital medical complex.

Often called the Miracle Mile, Crown Valley Pkwy should be the first place to look if you are planning to start, relocate or expand a business in Orange County. The corridor is an achievement of the Mission Viejo Co., which created one of the nation's premier planned communities in the world. Mission Viejo is best known as a great place to live and raise a family, and now is becoming a well-rounded city as many older residents have decided to stay.

It is almost exactly one mile on the boulevard parkway from the center of the I-5 overpass east to the intersection of Marguerite Pkwy. The Shops at Mission Viejo, one of Orange County's premier malls, and the Kaleidoscope Entertainment Center flank Crown Valley at the freeway. The medical complex is 2/3 mile to the east.

The business corridor then extends south down Marguerite to the city limits, taking you past Saddleback Community College and a collection of seven luxury auto dealership in a diverse retail center.

Much of the projected 60,000 population growth of South Orange County comes from the foothills east of Mission Viejo, with homes ranging from $500,000 to $1.5 million and higher.

Here are some of the highlights of Crown Valley development:

Medical Expansion. In two phases from 2001 to 2020, Mission Hospital is adding 420,000 square feet of medical office space, 100 beds to the 364-bed hospital, and a 2,285-stall parking garage. The center eventually will feature 700,000 square feet of office medical office space. The adjacent Shops of Mission Viejo includes two large parking garages, so Crown Valley corridor visitors will continue to enjoy convenient parking.

Import Auto Dealers. Seven luxury auto dealerships are clustered on south Marguerite. They comprise an unparalleled collection of convenient choices for the import buyer, with retail businesses in the vicinity benefiting from the draw.

Saddleback College Adult Education. One of two campuses comprising one of the largest community college districts in the state, Saddleback College, south on Marguerite is renowned for adult education and full-time business curriculum as well as 4-year college preparation with two-year associate degrees. If your business is located in Mission Viejo, your employees could attend day or evening classes to fit business and personal schedules. www.Saddleback.edu

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