$10,250,000

We are pleased to present the Montclair Mixed-Use Residential Development Opportunity, a premier 5.975-acre infill site located at the southeast corner of Arrow Highway and Fremont Avenue in Montclair, California. Situated within the North Montclair Downtown Specific Plan, the property offers a rare opportunity to develop a large-scale, transit-oriented residential community in one of the Inland Empire's most forward-looking urban districts. Its designation as both a High Resource Area and a Difficult Development Area (DDA) provides meaningful advantages for affordable or mixed-income housing through enhanced federal tax credit basis adjustments and state-level incentives.PropertyThe proposed plan envisions a two-phase community integrating multifamily apartments and for-sale townhomes to meet diverse housing needs. The 1.76-acre northern parcel is planned for a five-story building with 142 to 180 rental units (80102 units per acre), while the 2.68-acre southern parcel is designed for 59 townhomes at 22 units per acre, complemented by a 0.37-acre public park at Fremont and Olive. Together, they form a cohesive, mixed-density neighborhood that aligns with the City's long-term downtown vision. Development would likely include a Specific Plan Amendment allowing cumulative density across parcels and refinements to internal street and shopfront layouts.LocationCentrally positioned within Montclair's Downtown Focus Area, the site enjoys outstanding access to major employment centers and transit. It is within one mile of the Montclair TransCenter, serving Metrolink, Omnitrans, and the upcoming Gold Line (L Line) extension, providing seamless connectivity from the Inland Empire to Pasadena and Downtown Los Angeles. The location also offers immediate access to I-10, Central Avenue, and Arrow Highway.Serving as a major catalyst for the area's revitalization, CIM Group's $200-million transformation of Montclair Place is redefining the city's retail core into a vibrant mixed-use destination with 209,000 square feet of new retail, dining, and entertainment, including the 130,000-square-foot Montclair Theater and Main Event's 51,800-square-foot family venue. This large-scale "eat-ertainment" hub, anchored by venues such as The Canyon, Lazy Dog, and Pier 88, has become a powerful driver of residential demand and rent growth.With its prime infill location, transit access, and strong public-private investment synergy, the Montclair development site represents a rare opportunity to deliver a transformative housing community within one of Southern California's most dynamic growth corridors.