The 940+960 properties are centrally located in the middle of University Corporate Center, a 54 Acre office/business park. The New General Plan of the City permits office, retail and housing. There's and overlay of the zoning, KP-1 and KP-2, more clearly defined in the Specific Plan (use the hyperlink to access). The property and the entire 54 Acre complex is also subject to the ridged controls and oversight from the CC&R's. The New General Plan allows unlimited density with no height restriction imposed by the City.
The site is centrally located as a regional administrative offices center. Adjacent to California Polytechnic University, Pomona, ("Cal Poly Pomona"), the property is located at the confluence of the San Bernardino (I-10) Freeway, the Orange (57) Freeway and the Corona (71) Expressway. Located 20 minutes from downtown Los Angeles, and 20 minutes from Ontario Airport it makes an ideal location for corporate users, and housing for their employees. The property is accessible by car, city bus line, campus bus lines, and connections to Amtrak and the LA Metro Line.
The two parcels total approximately 2.15± acres, the property offers potential for mid-rise office and mid-rise apartments with parking structures. The property and the business park are clearly transition from two story office to higher-end product for high-end users.
This site is unique is as much as the New General Plan not only affords the opportunity to develop mix-use residential, retail and office, it actually promotes the mixed-use urban concept. Truly a live, work, educate, and play location all rolled-up into one unified development.
The site also has a rich historical background tied to the Kellogg Foundation and Cal Poly. More importantly, the property can be joined with other parcels allowing creative design as an urban core all of its own. The site is ideal for creative office space and urban loft/apartments.
|