The City of Compton is known as the “Hub City” because of its unique position in almost the exact geographical center of Los Angeles County, Compton is strategically located along the Alameda Corridor, a passageway of 25 percent of all U.S. waterborne international trade. Compton is rapidly emerging as a large industrial center in Los Angeles County for transit and distribution, business services, high technology, home and lifestyle products, metals, financial services, and textile manufacturing.
Compton’s easy accessibility to and from five freeways and the affordability of its housing (median home price was $407,000 in December 2006) has drawn additional residents and sparked the interest of developers.
In February 2007, construction began on the Gateway Towne Center, a 51-acre mixed-use commercial/residential project on Alameda Boulevard that will include a Target, Staples, 24-Hour Fitness, Marshalls, Home Depot, and Chili’s, among others. The center is expected to open in October 2007. Construction has also begun on 136 condominium units in a gated, mixed use complex on Tamarind Avenue.