With 545,506 sq.ft. already built (including Walmart and WinCo Foods), the Pomona Ranch Plaza has attracted national tenants such as Bank of America, Starbucks and Subway. Within the next few years, more than 180,000 sq.ft. of retail and office space will be made available at this center that has garnered the City of Pomona’s coveted award of excellence in development.
Property is located in the Walmart and 24 hours Winco Anchored Power Center. Pomona Ranch Plaza has an excellent retail synergy, tenants include Starbucks, Bank of America, Ihop and many others. Upcoming additions to this center include a dual-branded Hyatt Place and Hyatt House hotel with 215 rooms and 7,500 SF ballroom. The new development will also include a 6 story mixed use building that include 105 units apartment complex.
Property is part of the 72 acre Pomona Ranch Plaza located at the junction of Freeway 60 & Free- way 71. The property benefits from convenient access to the Los Angeles, Riverside, Orange and San Bernardino County. Traffic counts are abundant along these arteries with over half a million cars transiting daily.
The Phillips Ranch neighborhood, located west of Freeway 71 enjoys rich amenities with median house- hold income exceeding $74,000 within 3- Mile radius. San Gabriel Valley retail and office market con- tinues to grow with positive net absorption rate. The property is surrounded by mostly residential area and within a short drive are top-ranked educational facilities like, Pomona College, Cal Poly Pomona, Claremont Mckenna, Harvey Mudd, Pitzer College and Western University of Health and Sciences. Just 5 miles from the property is the Los Angeles Fairplex with about 1.67 million visitors annually.
Pomona Ranch Plaza is a 72-acre mixed-use commercial center conveniently located at the junction of freeways 60 and 71. It is one of the largest community center developments in Pomona anchored by Walmart and WinCo Foods, and serves the Phillips Ranch community, Pomona, Diamond Bar, Chino Hills and beyond. All local traffic is diverted to Rio Rancho Rd, feeding into the shopping center, which boasts an excellent retail synergy. Tenants include Starbucks, IHOP, Sonic Drive-In and many more. Upcoming additions include two hotels and a mixed-use building along freeway 60.
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Today, Los Angeles County remains one of the nation’s largest counties. In land area, encompassing about 4,081 square miles, and area about 800 square miles larger than the combined area of Delaware and Rhode Island.
Los Angeles is very diverse, with people from over 140 countries and the largest Latin-American and Asian-American populations of any U.S. city. It is the distribution hub of the west coast and a gate- way to Asia.
The Los Angeles five- county region, which includes Los Angeles, Riverside, Ventura, Orange and San Bernardino Counties. One of the most outstanding features of the five-county Los Angeles Area is the sheer size of its economy. The regions greatest concentra- tion of employment is in education and health services, which is followed by professional and business services and then by gov- ernment.
Located 26 miles east of downtown Los Angeles, Pomona is the fifth largest city located in Los Angeles County, California. It is situated at the junction of the San Gabriel Valley and the San Bernardino County. Pomona has some of the best colleges and universities in the U.S. With numerous educational institutions nearby, the student population is estimated to be over 95,000. The city of Pomona offers a diverse labor market and the main economy is driven by manufacturing and service sectors, In the last few years, the unemployment in Pomona has gradually been decreasing. Annual average of 2022, the unemployment rate in Pomona was 5.5%.
