Thumbnail for 518100

5th Street Gateway Project in San Bernardino draws interest from developers, real estate brokers

By in Press Enterprise on December 26, 2017

By Brian Whitehead

About 20 developers, real estate brokers and people simply interested in seeing what becomes of 6.56 acres just east of the 215 Freeway recently attended a non-mandatory meeting during which San Bernardino officials discussed the 5th Street Gateway Project.

Kathleen Robles, senior project manager for Urban Futures, an Orange County consulting firm assisting the city with the process, said Tuesday she was “very pleased with the turnout.”

For about an hour, city officials, including Kathy Brann, economic and housing development director, and Mark Persico, community development director, walked through the invitation for letters of interest the city distributed to developers earlier this month.

Nearly 300 parties vetted by the International Council of Shopping Centers received the invitation, Robles said.

“We want a beautiful project,” she added. “We want people to drive by the 215 and eat at In-N-Out and go to our new shops.”

The 5th Street Gateway Project site includes 27 parcels near West 5th and 6th streets and North H and G streets. A stone’s throw from downtown San Bernardino, the land – once owned by the city’s Redevelopment Agency – is anchored by an In-N-Out Burger.

In their invitation to developers, city officials suggested portions of the site be developed for senior housing purposes. The land is zoned for uses that serve the downtown area, including professional offices, entertainment, hotels and residential and senior citizen housing.

Ideally, Robles said, the developer can acquire adjacent property to extend the project’s footprint.

Letters of interest are due to the city by January 31.

For information call 909-384-7260 or go to ci.san-bernardino.ca.us.

[…]    

Leave a Reply

Your email address will not be published. Required fields are marked *


*