Property Description

Property is UNPRICED! • Prime 18.39 Acre Apartment Site • 460 Unit Apartment Development Currently Being Entitled • Favorable Downtown Center (DC) Zoning Allows for No Limits on Density • DC Zoning Establishes a Flexible Environment for Creative/ Transformative Projects • Down the Street from Future Town Center at Moreno Valley - A Mixed-Use Project with up to 800 Homes and 220,000 SF of Commercial Uses • City of Moreno Valley Job Creation Exceeding 30,000 Over the Past 10 Years • Nearby World Logistics Center (WLC), a 40.6 Million Square Foot Project That Will Provide a $2 Billion Annual Economic Benefit to the City • An Additional 20,000 New Jobs Coming From the Recently Approved WLC Project That Is Scheduled to Break Ground in Winter of 2024 • Close Proximity to the Riverside University Health System Medical Center, a Hospital That Employs 6,000 Workers and Has an Economic Impact of $1.6 Billion • Nearby the New Kaiser Medical Center Project, an Expansion Plan That Will Add 1,125,000 Square Feet of Medical Services and Create 4,000 New Jobs in the City

ESSENTIAL INFO

• Status: Active