By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 03/05/15 – 12:01 AM PST |

ONTARIO >> Development plans for 3 million square feet of industrial space on one of the last big swaths of vacant land in the city — north of the 10 Freeway, near Vineyard Avenue — could bring thousands of jobs and millions of dollars in potential revenue to the city.

Irvine-based development group Sares-Regis is in the process of acquiring 150 acres of a total of 250 acres of the undeveloped land, owned for about 50 years by the Meredith Family Trust. The property, located southeast of Fourth Street and Vineyard Avenue and west of a flood control channel, is one of the few remaining undeveloped pieces of land in Ontario.

“The Meredith (property) is one of the last vacant pieces of land under single ownership in the city,” said Scott Murphy, city planning director.

Representatives for the Meredith Family Trust could not be immediately reached for comment.

If approved and completed, the project is expected to generate over 5,000 jobs and about $85 million in revenue to the city of Ontario over 20 years, said Patrick Russell, vice president of commercial development for Sares-Regis.

Sares-Regis submitted an application to amend the city’s specific plan for the location, which is expected to be heard by the Planning Commission on March 19, officials said.

The original specific plan for the 250 acres call for mixed-use development of high density housing, apartments, retail and office space, Murphy said.

If approved, the plan amendment would allow for development of light industrial buildings on the 150 acres in the process of being acquired, he said. The remaining 100 acres, adjacent to the 10 Freeway, and south of Inland Empire Boulevard, would remain zoned for mixed-use development.

“They have submitted applications for a general plan amendment and a specific plan amendment to change from mixed-use to an industrial designation,” Murphy said. “They’ve been going through a series of environment studies on the project.”

Sares-Regis, Russell said, plans on building a high quality, environmentally sustainable project, that would include drought-tolerant landscaping and pathways for bicyclists and pedestrians.

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