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Apartments, Retail Due At 215, 60 Freeways

RIVERSIDE, CA-A Las Vegas-based developer plans a $20 million luxury apartment complex, and a previously announced 499,000-sf retail development wins support.

By Bob Howard | Updated on August 04, 2003

RIVERSIDE, CA-The junction of the 215 and 60 freeways here is fast becoming a favorite of developers, with construction beginning on a new $20 million luxury apartment complex and local business leaders voting support for a previously announced 499,000-sf retail development at the intersection of the two freeways.

The new apartment development will be called the di Renzo and is a project of Las Vegas-based Pacific Properties. The site was initially zoned for retail use, but the developer enlisted the support of neighbors in rezoning the site to allow the 158-unit apartment complex.

The 499,0000-sf retail development is a project of Alamo, CA-based Transcan Development, which has received the support of the Greater Riverside Chambers of Commerce for the development, which is called Canyon Crossings. The board of the Riverside Chambers voted unanimously to support Canyon Crossings. The chamber has no formal authority to approve or reject projects, but it is considered quite influential with local governing bodies, which take its recommendations into consideration when reviewing proposed projects.

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