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Beaumont outlines commercial pipeline: Target, Sprouts, Loma Linda site, Orbis and a 22-acre escrow
Summary
ED Director Kirk Pelser updated the committee on major projects: Regency retail center (Target and Sprouts anchors; Shake Shack and KinderCare leases), a 37-acre Loma Linda University site nearing escrow, a 22-acre 6th & Xenia parcel in escrow, and Orbis’ entitlement process and looming EIR release.
Kirk Pelser, Beaumont’s economic development director, gave the committee a rundown of the city’s commercial development pipeline at the March 11 meeting, describing several large projects at various stages of entitlement and negotiation.
Pelser said the Regency centers remain on track for an opening “about a year from now,” with Target and Sprouts named as anchors. He added two other tenants have executed leases: Shake Shack and KinderCare. Pelser cautioned that many prospective tenants prefer confidentiality while they finalize site selection.
On other large sites, Pelser said a 37-acre property owned by Loma Linda University (located near the 10 Freeway east of Home Depot) is “very, very close to going into escrow,” and the 22-acre 6th & Xenia parcel recently went into escrow with the escrow-holder identified as the CEO of Vista Paints. He said preliminary site plans for the 6th & Xenia site show a likely mix of grocery, hotel(s), drive-thrus, retail and possibly residential to improve project economics.
About Orbis — described as a large fulfillment-center prospect — Pelser said the company is "methodically working through their preliminary entitlements" and that staff anticipate a final environmental-impact report in the coming weeks, which would likely move the matter to planning commission in late summer or fall. He also said the city is negotiating a draft development agreement that would address public improvements and potential sales-tax capture depending on tenant mix.
Pelser emphasized staff will continue to coordinate entitlements, environmental review and development agreements and that naming additional prospective tenants is constrained by tenant confidentiality. He said the city will host a downtown convening for property owners in early May and that city leaders plan a Washington trip in April to seek federal funding for Grace Avenue improvements tied to downtown activation.
Procedural note: Pelser said some projects will require planning commission and council action as environmental review and development agreements proceed.
Next step: staff expect EIR completion for Orbis in the coming weeks, continued negotiations on development agreements and further updates to come to planning commission and the committee.
