July 2023 EDC MEETING
FOOTHILL FREEWAY COMMERCE CENTER
Agenda
02 NEWCASTLE | PARTNERS INTRODUCTION
PROPOSED PROJECT
OVERVIEW/BACKGROUND
COMMUNITY BENEFITS
2 1
4 3
5 PROJECT TIMELINE
ECONOMIC IMPACT
Newcastle Partners, established in 1999, is a real estate firm specializing in the development and acquisition of institutional quality industrial and office properties. Newcastle Partners has developed 65 projects with a total square footage of over 9.5 million square feet and more than 350 acres throughout Southern California.
NEWCASTLE | PARTNERS
JACKSON SMITH
Partner
COURTNEY SMITH
Development Manager
03 The project site is 14.8 acres, east of N. Pepper Ave. and south of State Route 210.
General Plan Land Use Designation: Pepper Ave. Specific Plan Pepper Ave Specific Plan Land Use Designation: Community Commercial/Light Industrial 04 FOOTHILL FREEWAY COMMERCE CENTER
EXISTING SITE
Project attended EDC in January 2022 where project was being proposed as ONLY Industrial Project incorporated feedback from EDC, revising site plan to include both commercial/retail and industrial land uses Applicant formally submitted project with two industrial buildings and three retail buildings along frontage Market changes and access restrictions have changed since original EDC which makes two building industrial scenario infeasible 05 PROJECT BACKGROUND
05 PROPOSED COMMERCIAL
Fast Food Drive-Through
Fast Food Drive-Through
Coffee
Freeway access & visibility
Increases sales tax capture by increasing convenience for northbound traffic
05 PROPOSED INDUSTRIAL
Architectural enhancements – glass and other materials to enhance freeway/ street views.
Site Walls - to screen views to on-site uses
Site Design – Locate truck court facing south to screen truck court
COMMUNITY BENEFITS
FOOTHILL FREEWAY COMMERCE CENTER WILL DIRECTLY INVEST:
$500
$150
$65
RECURRING CITY REVENUE
10 THOUSAND
DEVELOPMENT IMPACT
FUNDS
SAN BERNARDINO CITY UNIFIED SCHOOL DISTRICT
THOUSAND
THOUSAND
Permanent Jobs
Construction Jobs
Well Paying Jobs
The proposed project will generate over 280 permanent, local well-paying jobs. >280
The proposed project will generate over 151 construction jobs. >151
The proposed project will offer employees competitive wages that are higher than the average Rialto household median income. $25/hr
ECONOMIC IMPACT
11 12
PROJECT TIMELINE
Ground Breaking
Fall/Winter '25
Spring '24
Planning Commission Hearing
Industrial and Commercial will be processed concurrently for Planning Commission Approval Applicant proposes to rough grade project with retail building pads
13 QUESTIONS?
Let's Connect
[email protected]
Email
951-582-9800
Phone
14