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Parcel Rumored To Hold $200M-Plus Buildout Potential

FONTANA, CA-The 200.12-acre site UGL Services has listed can eventually encompass more than 740 residential units, 60,000-plus square feet of retail and office space and a roughly 112-key hotel.

By Carrie Rossenfeld | Updated on August 14, 2012

(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

FONTANA, CA-UGL Services, a division of UGL Limited, has been retained to sell a prime, 200.12-acre land parcel here that industry sources unrelated to the property tell GlobeSt.com could be worth in excess of $200 million upon buildout. The parcel, the Crossing at Monarch Hills, is targeted for immediate mixed-use development at the intersection of Duncan Canyon Rd. and Lytle Creek Rd. The development site, whose owner is undisclosed, has the potential to encompass more than 740 residential units, more than 60,000 square feet of retail and office space and an approximately 112-key hotel. The UGL team marketing the property is being led by EVP Mario Mexia and VP Matt Mexia of the Orange County, CA, office, which has been retained on an exclusive basis to offer investors and developers the opportunity to acquire the site.

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