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