California Dreaming in Ontario
May 3, 2024
The Vineyards, resort-style apartments are now open in Ontario, California.
Life is good in Ontario, California, where the City’s growing population tells the story of a new era.
Californians seeking to preserve the allure of SoCal living are migrating to a city that welcomes them with open arms. By 2048, Ontario will add approximately 100,000 new residents to its current population of 186,000, making it the fastest growing city in the Inland Empire.
Likewise, investors, keenly aware of the City’s boundless potential for growth, are setting their sights on Ontario. Residents and businesses alike are staking their claim before the secret of Ontario’s renaissance gets out.
Case in point, Ontario Ranch, the nation’s 5th fastest selling master-planned community, sold 1,027 new homes in 2023. When completed, it will bring 70,000 new residential units, over 400 acres of parkland and schools, and millions of square feet in retail, office, and commercial space. Southern Californians looking to escape overpriced and crowded Los Angeles and Orange Counties’ urban communities are making the move to Ontario. With a median household income over $110,000 in Ontario Ranch, residents can relish the comforts of luxury, amenity-rich living, while enjoying a more generous disposable income.
Ontario is changing the way people travel in and out of Southern California, too. Ontario International Airport’s (ONT) reputation for easy, no hassle flying, drew over 6-million travelers in 2023. Looking ahead, Ontario has bold plans to enhance its appeal as a tourist destination. The Ontario Convention Center is set to double its footprint, accompanied by a new convention center hotel offering a rooftop restaurant and destination bar, and other high-end amenities. A pedestrian and entertainment-oriented development, featuring 70,000 SF of commercial space and 700 new apartments, is on the horizon. Plus, a new Ontario Regional Sports Complex, spanning 200 acres, promises to be a regional sports hub that will draw approximately 1.2 million new visitors annually.
At the heart of Ontario's economic growth lies a forward-thinking strategic economic development team. Developers and investors interested in exploring the city's vast portfolio of opportunities can meet with the Ontario Economic Development team during ICSC Las Vegas, May 19-21 at the Las Vegas Convention Center South Hall booth #4937R.