Shopping Center Business

JUN 2018

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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ECONOMIC DEVELOPMENT 48 • SHOPPING CENTER BUSINESS • June 2018 CONTROLLED GROWTH IN CHINO Situated 35 miles east of Los Angeles, the city of Chino, California, offers close proximity to the entertainment and expe- riences present throughout Los Angeles County, in a quieter, more residential setting. While much of the area has been ripe with development, Chino has made a concerted effort to control growth. "We look for developments that add value to our city — we're not just building for the sake of building," says Christopher Kennedy, economic devel- opment manager for the City of Chino Development Services Department. "The city of Chino knows that we have limited land resources, and we are making every effort to encourage the highest and best use in development for the remaining land within the city." The city hosted a vacancy rate of 6 per- cent over the last year, and continues to attract new retailers in and around the city. Chino is also seeing an uptick in res- idential development, and a flurry of new businesses seeking office space. "The city of Chino continues to at- tract Fortune 500 companies for manu- facturing, e-commerce and distribution, which means continued job growth and new home development in the city," says Kennedy. "We currently host 50 million square feet of Industrial space and are courting an international company for a U.S. corporate headquarters and manu- facturing site." With businesses continuing to move in, the city is looking to add more residential development and new dining options and amenities. "Currently we have over 5,000 multifamily units completed with another 9,000 to 10,000 in planning," says Ken- nedy. "With this scale of growth, dining and entertainment opportunities are key to continued success. The city is looking for more sit down dining options — a few upscale eateries — and we are always look- ing for lifestyle amenities the complement our city." SCB "With this scale of growth, dining and entertainment opportunities are key to continued success. The city [Chino] is looking for more sit down dining options — a few upscale eateries — and we are always looking for lifestyle amenities the complement our city," -Christopher Kennedy, City of Chino

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