Market Update on Commercial Real Estate in Chino
Over the last several months there have been a number of changes to the landscape of commercial real estate in Chino. This is especially true with regards to the “retail real estate sector.” Below, you will see a digest on the various happenings that have recently taken place.
Residential/Retail Communities in Chino
- The Preserve at Chino is a master planned community developed by Lewis Community Developers. The community will be built on 5,435 acres of former farm and dairy property located south of Chino Airport. Homes have been built and are for sale, with more to be constructed in the coming years. Prices for these homes start in the $400,000s.
- When completed, the community will include a retail shopping center with a grocery store and three drive-thrus. The southwest corner of the project will also include several three-story mixed use buildings with retail on the first floor and residential units on the second and third floors.
- Pine Ave. will also be expanded to three lanes in each direction with an anticipated traffic count of 30,000 vehicles per day. Learn more: thepreserveatchino.com
- The College Park community of homes is located along Edison Ave. between Central Ave. and Mountain Ave., adjacent to Ayala Park.
- College Park Community Retail Development: Within College Park, the city is looking for a developer to build a retail center on the north side of the intersection of Eucalyptus Ave. and Satterfield Way, near Chaffey College. The city believes that a convenience store and a college bookstore would be excellent tenants to serve the 2,500-3,000 students on the Chino Campus.
Retail Space in Chino
- The Burlington store in the Chino Town Square at 5517 Philadelphia St has been downsized, and a Planet Fitness gym has moved into the rest of the building, occupying about 20,000 SF.
- Cinemark Theaters, which is currently located at 5546 Philadelphia St. will be moving across the street, into the shopping center with Burlington, just to the west of the Burlington store. See picture below.
- New restaurants at the intersection of Euclid and Kimball: A Jack in the Box is planned for the southeast corner of Kimball Ave. and Euclid Ave. A Farmer Boys restaurant is also planned for the southwest corner of the same intersection.
- New Asian Food Hall: A new Asian food hall had its grand opening on Saturday, October 20th 2018. Cravings Food Village, by 99 Ranch Market, is a modern marketplace/food hall located in the former Food 4 Less site at the Chino Spectrum Marketplace. Cravings Food Village features nine curated dining locations, including a modern Taiwanese bakery, a hot deli, and its own beer and wine bar.
- Retailer Musical Chairs: Party City, Bevmo, and Old Navy are moving locations between Chino and Chino Hills.
Hospitality Real Estate in Chino
Marriott’s Fairfield Inn & Suites is coming soon to the Rancho Del Chino Shopping Center. The four-story hotel will be constructed near Home Depot & J.C. Penney at 14705 Ramona Ave., and will include 111 rooms on 2.5 acres of land.
A TownePlace Suites Hotel by Marriott International opened at 15881 Pomona Rincon Road on November 8th 2018. The new hotel features a wide variety of amenities and 116 suites, each including full kitchens, flat-screen HDTVs and adjustable work spaces.
Industrial Property in Chino
- Chino has roughly 800,000 square feet of industrial/warehouse space under development with a 0.5% vacancy rate. Here are some of the larger projects:
- 1.45MM square foot industrial warehouse at the northwest corner of Kimball and Euclid is fully completed and operational.
- 300k industrial warehouse between Main and Walker, south of Merrill (recently completed).
Medical Office Space in Chino
- A new 50,000 SF Kaiser medical office opened in June at Roswell and Grand.
- A new medical condominium building has been completed. It is on the north side of Philadelphia St., east of Central Ave. and Benson Ave.
- A skilled nursing facility has been built at Walnut and 10th, just north of Chino Valley Medical Center, and is now fully operational.
For more information about commercial real estate in Chino, or any area within the Inland Empire, please contact Mike Lin. You can reach him through the form on our contact page or by calling him at 949-209-9696.