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The Commons Riverside
THE COMMONS
City of Riverside
THE OPPORTUNITY
The Commons is an 85 unit apartment development opportunity on ±1.5 acres to be delivered with all discretionary approvals, final engineering and construction drawings with permits ready to be issued at closing. The project is located in the vibrant downtown area of Riverside on Main Street between 1st Street and 3rd Street. The downtown Riverside area is going through a renaissance with new hip and exciting shopping, dining, entertainment and other attractions. The Commons will enjoy the synergies of all the existing urban fabric and new development happening within the immediate area.
PROPERTY HIGHLIGHTS
- Project is located within a federal opportunity zone.
- Downtown Riverside is a vibrant walkable community with several projects approved including Riverside Alive which will also double the size of the convention center.
- The underserved housing market is in high need of new housing to satisfy local demand and the influx of well-qualified tenants leaving major metropolitan areas.
- The Commons is efficiently designed by renowned architectural firm KTGY as a five-story wood-framed Type lll construction without concrete structured parking.
