Customers enter the newly opened Chili’s restaurant in the Colonies Crossroads shopping center in Upland on Friday. Sales tax from the 1 million-square-foot “power center” rose from $1.6 million in 2012-13 to $2 million in 2013-14. (Will Lester — Staff Photographer)
By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 01/17/15, 9:11 PM PST | Updated: 25 secs ago
UPLAND >> The Colonies Crossroads, one of the largest shopping centers in San Bernardino County’s West End, continues to expand and increase revenue for the city.
The latest Upland figures from Colonies Crossroads show that sales tax revenue jumped from $1.6 million in 2012-13 to $2 million in 2013-2014, a 26 percent spike.
For its developers, success for the shopping hub easily spotted on both sides of the 210 Freeway has been an exercise in patience, confidence and an ability to weather an economy that wasn’t always kind.
“We’ve been very patient in our tenant selection, and I think it’s paid off because all of our stores do very well,” said Dan Richards, a co-managing partner of Colonies Crossroads, which along with Pacific Development Group developed the property. “Equally as important, the community has embraced the stores that we have, so we’re very happy about that. Our partnership feels strongly about developing a high-quality, long-term project.”
That project has been a work in progress.
Since opening a decade ago, the 1 million-square-foot “power center” is continuing to increase its retail and restaurant offerings, with 230,000 square feet of retail space added in 2013, as economic investment began moving again after the Great Recession had stopped construction. The new phase features a Nordstrom Rack and a Toys R Us. Construction to take place over the next year will bring an Oggi’s Pizza & Brewing Company and a California Fish Market to the restaurant mix.
The first phase of the center saw about 600,000 square feet of retail space, and includes a Target, a Kohl’s, and a Dick’s Sporting Goods.
“The interesting thing about that (expansion) project was we started construction of that 230,000 square feet in the throes of this recession,” Richards said. “When we were building it, it was the largest commercial development under construction in all of California during the recession. We started building in about 2010 or 2011 and so that’s pretty important we could finance it and it would be successful.”
Richards said the market demographics of the area are terrific.
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