Inland Empire New Construction & Proposed …...12 Mission Lofts 212 13 Trails at Canyon Crest, The...

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Inland Empire New Construction & Proposed Multifamily Projects 2Q19 ID PROPERTY UNITS 1 Mitchell Place 310 Total Lease Up 310 6 Artesa 330 7 Summit, The 281 10 Crossings Redlands, The 340 Total Under Construction 951 17 Reserve at Rancho Belago Phase II 417 18 Coachella Village 242 Total Planned 659 24 1600 Orange Avenue 412 25 8th Avenue 57 26 Judson & Grove 96 27 Residence at Casa Loma, The 122 41 Chelsea Commons 271 42 Ivey Palms 901 43 Millennium Village Apartment Homes 300 44 University Park 336 45 University Park Drive 148 46 Veteran's Village of Cathedral City 60 47 Avenida Senior 161 48 Northgate Crossing 247 49 Indio Plaza 69 50 Virada 170 51 Avenue 58 120 53 Lakefront Village 75 54 Murrieta Senior 109 55 Altair 100 56 Bridges at Murrieta 542 57 Murrieta Hot Springs Road 112 58 Rancho California Road 160 64 Palazzo at Rio Vista, The 149 65 Sands, The 388 66 Jefferson Avenue 146 Total Prospective 5,251 Source: Yardi Matrix 5 mi 51 49 48 50 65 47 45 43 44 46 64 52 53 41 24 26 27 25 54 56 57 58 55 66 42 1 17 18 6 7 10 Lease-Up Under Construction Planned Prospective LEGEND

Transcript of Inland Empire New Construction & Proposed …...12 Mission Lofts 212 13 Trails at Canyon Crest, The...

Page 1: Inland Empire New Construction & Proposed …...12 Mission Lofts 212 13 Trails at Canyon Crest, The 216 14 Sorano 266 Total Under Construction 1,007 15 Alexan Montclair 211 16 Centerpointe

Inland Empire New Construction & Proposed Multifamily Projects 2Q19

ID PROPERTY UNITS1 Mitchell Place 310

Total Lease Up 310

6 Artesa 330

7 Summit, The 281

10 Crossings Redlands, The 340

Total Under Construction 951

17 Reserve at Rancho Belago Phase II 417

18 Coachella Village 242

Total Planned 659

24 1600 Orange Avenue 412

25 8th Avenue 57

26 Judson & Grove 96

27 Residence at Casa Loma, The 122

41 Chelsea Commons 271

42 Ivey Palms 901 43 Millennium Village

Apartment Homes 300

44 University Park 336

45 University Park Drive 148

46 Veteran's Village of Cathedral City 60

47 Avenida Senior 161

48 Northgate Crossing 247

49 Indio Plaza 69

50 Virada 170

51 Avenue 58 120

53 Lakefront Village 75

54 Murrieta Senior 109

55 Altair 100

56 Bridges at Murrieta 542

57 Murrieta Hot Springs Road 112

58 Rancho California Road 160

64 Palazzo at Rio Vista, The 149

65 Sands, The 388

66 Jefferson Avenue 146

Total Prospective 5,251 Source: Yardi Matrix5 mi

51

4948

50

6547

454344

46

64

52

53

41

24 2627

25

54

5657

58

55

66

42

1

17

186

710

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 2: Inland Empire New Construction & Proposed …...12 Mission Lofts 212 13 Trails at Canyon Crest, The 216 14 Sorano 266 Total Under Construction 1,007 15 Alexan Montclair 211 16 Centerpointe

Inland Empire New Construction & Proposed Multifamily Projects 2Q19

ID PROPERTY UNITS2 Santa Barbara, The 104

3 Paseos at Ontario, The 800

4 Core at Sycamore Highlands, The 275

5 West Main Villas 200

Total Lease Up 1,379

8 Turtle Creek 98

9 Stalder Plaza 165

11 Rancho Monte Vista Phase II 50

12 Mission Lofts 212

13 Trails at Canyon Crest, The 216

14 Sorano 266

Total Under Construction 1,007

15 Alexan Montclair 211

16 Centerpointe 116

Total Planned 327

19 Empire Lakes Golf Course Redevelopment

1,000

20 Haven & Jersey 207

21 Haven Avenue 570

22 Palermo Luxury 136

23 Renaissance Rialto 500

28 Brewer Site Subdivision 180

29 Hillsborough Village Phase II 68

30 Falloncrest at the Preserve 203

31 Forest Park Street & Main Street 267

32 Ontario Ranch 91

33 Villa Palmetto 68

34 California Avenue 80

35 Merrill Avenue 108

36 Vernola Marketplace 397

37 Canyon Bluff 88

38 Arantine Hills 1,806

39 Corona Park 160

40 Iglesia La Senda Townhomes 50

52 Tierra West 127

59 17255 Sycamore Creek Drive 298

60 Desert Green Villas 84

61 Olivetree 186

62 Signature at Valley Center 128

63 Arrowhead Grove 84

Total Prospective 6,886Source: Yardi Matrix5 mi

62

60

61

59

2363

35 3734

38

40 39

363031

282933

21

19 2220

32

5

32

4

15

16

11

8

12

1314

9

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 3: Inland Empire New Construction & Proposed …...12 Mission Lofts 212 13 Trails at Canyon Crest, The 216 14 Sorano 266 Total Under Construction 1,007 15 Alexan Montclair 211 16 Centerpointe

Inland Empire New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

1 Mitchell Place 35995 Mitchell Road Murrieta CA 92562 Lease-Up 310 Lake Elsinore 09/01/2017 12/31/2019 03/18/2019

2 Santa Barbara, The 606 South Riverside Avenue Rialto CA 92376 Lease-Up 104 Rialto 10/01/2015 09/30/2019 09/10/2017

3 Paseos at Ontario, The 2615 East Date Palm Paseo Ontario CA 91761 Lease-Up 800 Montclair/North Ontario 04/30/2017 08/31/2019 06/01/2018

4 Core at Sycamore Highlands, The 5946 Sycamore Canyon Blvd Riverside CA 92507 Lease-Up 275 East Riverside 03/31/2017 07/31/2019 10/01/2018

5 West Main Villas 9800 Mesa Linda Street Hesperia CA 92345 Lease-Up 200 Victorville/Apple Valley/Big Bear 04/24/2017 07/31/2019 09/15/2017

Total Lease-Up 1,689

6 Artesa 30414 Town Center Drive Menifee CA 92584 Under Construction 330 Nuevo/Perris/Menifee 06/01/2019 02/29/2020

7 Summit, The SEC Alabama Street & San Bernardino Avenue Redlands CA 92374 Under Construction 281 Redlands/Yucaipa 09/01/2018 12/31/2019

8 Turtle Creek 4826 Van Buren Blvd Riverside CA 92503 Under Construction 98 West Riverside 03/01/2018 11/30/2019

9 Stalder Plaza 3650 Market Street Riverside CA 92501 Under Construction 165 East Riverside 10/31/2017 10/31/2019

10 Crossings Redlands, The 26000 West Lugonia Avenue Redlands CA 92374 Under Construction 340 Redlands/Yucaipa 09/01/2017 09/30/2019

11 Rancho Monte Vista Phase II 365 North Central Avenue Upland CA 91786 Under Construction 50 Montclair/North Ontario 11/01/2018 07/31/2019

12 Mission Lofts 3050 Mission Inn Avenue Riverside CA 92507 Under Construction 212 East Riverside 02/20/2018 07/31/2019

13 Trails at Canyon Crest, The 5377 Quail Run Road Riverside CA 92507 Under Construction 216 East Riverside 11/30/2017 07/31/2019

14 Sorano 12046 Clark Street Moreno Valley CA 92557 Under Construction 266 Moreno Valley 09/01/2018 07/31/2019

Total Under Construction 1,958

15 Alexan Montclair 5091 Richton Street Montclair CA 91763 Planned 211 Montclair/North Ontario

16 Centerpointe 3105 Market Street Riverside CA 92501 Planned 116 East Riverside

17 Reserve at Rancho Belago Phase II 28095 John F Kennedy Drive Moreno Valley CA 92555 Planned 417 Moreno Valley

18 Coachella Village SWC Avenue 48 & Van Buren Street Indio CA 82201 Planned 242 Indio

Total Planned 986

19 Empire Lakes Golf Course Redevelopment 11015 6th Street Rancho Cucamonga CA 91730 Prospective 1,000 Rancho Cucamonga

20 Haven & Jersey 26th Street & Haven Avenue Rancho Cucamonga CA 91730 Prospective 207 Rancho Cucamonga

21 Haven Avenue SEC 4th Street & Haven Avenue Ontario CA 91764 Prospective 570 Rancho Cucamonga

22 Palermo Luxury 14951 Foothill Blvd Fontana CA 92335 Prospective 136 Fontana

23 Renaissance Rialto SWC North Ayala Drive & West Renaissance Pkwy Rialto CA 92376 Prospective 500 Rialto

24 1600 Orange Avenue 1600 Orange Avenue Redlands CA 92373 Prospective 412 Redlands/Yucaipa

Page 4: Inland Empire New Construction & Proposed …...12 Mission Lofts 212 13 Trails at Canyon Crest, The 216 14 Sorano 266 Total Under Construction 1,007 15 Alexan Montclair 211 16 Centerpointe

Inland Empire New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

25 8th Avenue Kimberly Avenue & Robyn Street Redlands CA 92374 Prospective 57 Redlands/Yucaipa

26 Judson & Grove East Central Avenue & North Grove Street Redlands CA 92374 Prospective 96 Redlands/Yucaipa

27 Residence at Casa Loma, The SWC East Lugonia Avenue & North University Street Redlands CA 92374 Prospective 122 Redlands/Yucaipa

28 Brewer Site Subdivision South Benson Avenue & Philadelphia Street Chino CA 91710 Prospective 180 Chino/Chino Hills

29 Hillsborough Village Phase II 11930 Central Avenue Chino CA 91710 Prospective 68 Chino/Chino Hills

30 Falloncrest at the Preserve Forest Park Street & East Preserve Loop Chino CA 91708 Prospective 203 South Ontario

31 Forest Park Street & Main Street Forest Park Street & Main Street Chino CA 91708 Prospective 267 South Ontario

32 Ontario Ranch New Haven Avenue & Ontario Ranch Road Ontario CA 91761 Prospective 91 South Ontario

33 Villa Palmetto SWC West Mission Blvd & Palmetto Ave Ontario CA 91762 Prospective 68 South Ontario

34 California Avenue 8690 California Avenue Riverside CA 92503 Prospective 80 West Riverside

35 Merrill Avenue 3575 Merrill Avenue Riverside CA 92506 Prospective 108 West Riverside

36 Vernola Marketplace NWC 68th Street & Pats Ranch Road Mira Loma CA 91752 Prospective 397 West Riverside

37 Canyon Bluff 739 Monte Vista Drive Riverside CA 92507 Prospective 88 East Riverside

38 Arantine Hills Bedford Canyon Road & Eagle Glen Pkwy Corona CA 92881 Prospective 1,806 Corona

39 Corona Park 828 Avenida Del Vista Corona CA 92882 Prospective 160 Corona

40 Iglesia La Senda Townhomes 1717 Via Del Rio Corona CA 92882 Prospective 50 Corona

41 Chelsea Commons SEC Alessandro Blvd & Perris Blvd Moreno Valley CA 92553 Prospective 271 Moreno Valley 05/20/2014

42 Ivey Palms Jack Ivey Drive & Varner Road Thousand Palms CA 92276 Prospective 901 White Water/Desert Hot Springs

43 Millennium Village Apartment Homes Gerald Ford Drive & Technology Drive Palm Desert CA 92211 Prospective 300 Thousand Palms/Cathedral City

44 University Park Gerald Ford Drive & Portola Road Palm Desert CA 92211 Prospective 336 Thousand Palms/Cathedral City

45 University Park Drive College Drive & University Park Drive Palm Desert CA 92211 Prospective 148 Thousand Palms/Cathedral City

46 Veteran's Village of Cathedral City Landau Blvd & Vega Road Cathedral City CA 92234 Prospective 60 Thousand Palms/Cathedral City

47 Avenida Senior SWC Country Club Drive & Portola Avenue Palm Desert CA 92211 Prospective 161 Palm Desert/La Quinta

48 Northgate Crossing SEC Indio Blvd & Jefferson Street Indio CA 92201 Prospective 247 Palm Desert/La Quinta

49 Indio Plaza 45433 Towne Street Indio CA 92201 Prospective 69 Indio

50 Virada NEC Adams Street & Avenue 38 Indio CA 92211 Prospective 170 Indio

Page 5: Inland Empire New Construction & Proposed …...12 Mission Lofts 212 13 Trails at Canyon Crest, The 216 14 Sorano 266 Total Under Construction 1,007 15 Alexan Montclair 211 16 Centerpointe

Inland Empire New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

51 Avenue 58 58th Avenue & Olive Street Thermal CA 92274 Prospective 120 Coachella

52 Tierra West 3400 West Devonshire Avenue Hemet CA 92545 Prospective 127 Hemet/San Jacinto

53 Lakefront Village 15900 Grand Avenue Lake Elsinore CA 92530 Prospective 75 Lake Elsinore

54 Murrieta Senior 27100 Clinton Keith Road Murrieta CA 92562 Prospective 109 Lake Elsinore

55 Altair Old Town Front Street & Temecula Pkwy Temecula CA 95290 Prospective 100 Murrieta/Temecula

56 Bridges at Murrieta 40851 Los Alamos Road Murrieta CA 92562 Prospective 542 Murrieta/Temecula

57 Murrieta Hot Springs Road NEC Murrieta Hot Springs Road & Via Princesa Murrieta CA 92563 Prospective 112 Murrieta/Temecula

58 Rancho California Road Cosmic Drive & Rancho California Road Temecula CA 92592 Prospective 160 Murrieta/Temecula

59 17255 Sycamore Creek Drive 17255 Sycamore Creek Drive San Bernardino CA 92407 Prospective 298 Victorville/Apple Valley/Big Bear

60 Desert Green Villas SEC Santa Fe Avenue East & Sultana Street Hesperia CA 92345 Prospective 84 Victorville/Apple Valley/Big Bear

61 Olivetree Hesperia Road & Mojave Street Hesperia CA 92345 Prospective 186 Victorville/Apple Valley/Big Bear

62 Signature at Valley Center Civic Drive & Midtown Drive Victorville CA 92394 Prospective 128 Victorville/Apple Valley/Big Bear

63 Arrowhead Grove NEC North La Junita Street & East Olive Street San Bernardino CA 92410 Prospective 84 South San Bernardino

64 Palazzo at Rio Vista, The Landau Blvd & Quijo Road Cathedral City CA 92234 Prospective 149 Thousand Palms/Cathedral City

65 Sands, The 74351 Hovley Lane East Palm Desert CA 92260 Prospective 388 Palm Desert/La Quinta

66 Jefferson Avenue Jefferson Avenue & Murrieta Hot Springs Road Murrieta CA 92562 Prospective 146 Murrieta/Temecula

Total Prospective 12,137

TOTAL INLAND EMPIRE 16,770