Chiquita Ridge

About the Property

 
Chiquita Ridge is a 92-acre undeveloped parcel owned by the City of Rancho Santa Margarita.  It is located along Antonio Parkway south of Canada Vista Park at the southern boundary of the City (view Google map).  The City is currently considering options for development of the property.  Pursuant to the terms of the agreement which transferred the property to City ownership, any development occurs on the property must include a minimum 23-acre sports park. 

For additional information regarding the property’s history click here.  
   
Chiquita Ridge 2012

Property Status 

 
In 2017, the City will continue to conduct planning and feasibility studies to determine the best use of the property to ensure long-term benefits to the community. While the City sees the potential for community and economic benefits related to development of the site, no decisions have been made at this time. The City Council has evaluated information at each stage before authorizing further evaluation. A summary of each of the studies prepared to date is provided below.

The next study that will be prepared is a Market, Financial Feasibility, and Economic Impact Study for the potential development of a sports park. This study will begin during the end of January 2017 and will be completed in approximately 14 weeks. The purpose of this study is to evaluate the types of active sports facilities that would be in the greatest demand, as well as the development costs and annual operation and maintenance costs related to those facilities. The findings of the report will be available on the City’s website and will be presented to the City Council in the Spring. The City Council will decide on the next steps after evaluating the results of the upcoming study.

For additional information, please contact the Development Services Department at (949) 635-1800 x6701 or ckuta@cityofrsm.org.

Planning and Feasibility Reports Completed to Date: 

2016 - Focused Market Study for Chiquita Ridge Property (Prepared by Hunden Strategic Partners): In August 2016, the City selected Hunden Strategic Partners to conduct a focused retail, residential and hospitality market feasibility analysis to review current market trends and conditions, update findings from previous analyses, and validate the Council’s 2014 vision and goal for the potential future development of the site. Hunden Strategic Partners presented its initial findings to the City Council on October 26, 2016. These findings validated previous findings on the general feasibility of developing the property. Further, the City Council reaffirmed its support for a potential retail development consisting of the uses described and recommended by Hunden Strategic Partners:
• Warehouse club store (135,000 square feet)
• Traditional retail/service (50,000 square feet)
• Restaurant pad(s) (50,000 square feet)
• Hotel (180 rooms)
• Related parking spaces (1,605)
  2016 Focused Market Study - Hunden Strategic Partners
  
2015 – ULI Technical Assistance Panel Report: In May 2015, the Urban Land Institute conducted a one-day Technical Assistance Panel to review the development opportunities and constraints and suggest implementation strategies for future development of Chiquita Ridge. 
 May 27, 2015 Urban Land Institute Technical Assistance Panel Final Report
  
2014 – Fiscal Analysis of Alternative Development Scenarios (Prepared by Developers Research): As a follow-up to the 2013 Chiquita Ridge Alternatives Report, Developers Research prepared a fiscal analysis of six specific land use scenarios including all residential development scenarios, retail/commercial scenarios, and an entertainment-oriented scenario. The report studies the alternative development scenarios and determines the potential short and long-term impacts to the City’s general fund. Based on this analysis, the City Council identified two conceptual preferred development scenarios which would include a 23 acre active sports park coupled with one of the following concepts for the remaining 32-acre development area: 1) large anchor/warehouse retail shopping center with gas station; or 2) Mixed use allowing for both a large anchor/warehouse center and a residential component.
March 18, 2014 Development and Fiscal Analysis of Alternative Development Scenarios
March 26, 2014 City Council Minutes (PDF)
March 26, 2014 City Council Staff Report
 
2013 – Chiquita Ridge Alternatives Report (Prepared by Developers Research): The purpose of this initial feasibility report was to advise the City as to whether the Chiquita Ridge site could be feasibly developed; which type of use (residential, commercial/retail. or recreational) will put the site to its highest and best use, and what major costs can be expected. The report findings indicate that development of the site is feasible and estimates long-term revenue to the City for various land uses. 
February 20, 2013 Chiquita Ridge Alternatives Report
February 27, 2013 City Council Minutes
February 27, 2013 City Council Staff Report
Map showing divisions of Chiquita Ridge as per the agreement