The surge in El Segundo
El Segundo balances growth with its hometown character to emerge as the South Bay’s most vital city The Point, El Segundo’s newest development. Photo El Segundo City Manager Greg Carpenter relishes the opportunity to give tours in the town he manages and grew up in. These tours, in Carpenter’s city-issued 2004 Crown Victoria sedan, have been occurring with increasing frequency over the last few years. As Carpenter steers visitors through his city, he almost invariably hears the same two comments: “I had no idea this was here.” And then, a bit later, “I want to be here.” El Segundo is experiencing a wave of development, the magnitude of which is unlike anything seen in recent South Bay history. El Segundo has very quickly become the area’s most economically vital city. More than $1 billion in investment, representing eight million square feet of new office, retail, and amenity space, has been recently built or is underway within the the city’s five square miles. The transformation rivals the area’s post World War II aerospace expansion in the middle of the last century. “It’s an unprecedented level of development and redevelopment,” Carpenter said, while conducting yet another tour…
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