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$200M Project Leads Revitalization

ONTARIO, CA-Ground work is under way for the public-private joint venture, which will put 471 units of housing atop 80,000 sf of retail space as part of the City's Downtown revitalization effort.

By Brian K. Miller | Updated on September 25, 2006

(For more retail coverage, click GlobeSt.com/RETAIL and to read more on the multifamily market, click here.)

ONTARIO, CA-Site work is under way for a key piece of this city’s downtown revitalization effort. The $200-million, mixed-use public-private partnership will redevelop six blocks within Ontario Town Square, a 12-square-block planning area that the city owns the bulk of and wants to remake as a pedestrian-oriented “urban village.”

Slated for a Fall 2009 completion, the joint venture of Los Angeles-based J.H. Snyder and the Ontario Housing Agency will include 471 units of housing–160 apartments, 140 for-sale town homes, and 171 for-sale lofts–anchored by 80,000 sf of street-level retail and adjacent restaurant pads. About half of the units will be available for very low-, low-, and moderate-income households. Adjacent to the project, the California affiliate of the Related Cos. LP will develop a 76-unit active senior housing community for low income tenants.

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