Inland Empire Construction Pipeline Report

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Inland Empire Construction Pipeline Report Inland Empire New Construction & Proposed Multifamily Projects 4Q20 8 9 15 55 49 16 56 53 52 20 60 59 ID PROPERTY UNITS 17 54 61 1 The Monterey 442 19 10 Total Lease Up 442 57 1 58 18 7 Rancho California Road 160 8 Mark 165 9 Centerpointe 116 10 Continental Villages 125 Total Under Construction 566 74 15 Rancho Cielito 354 16 Falloncrest at the Preserve 203 17 Norco Valley Square Project 320 75 18 Continental Village Phase II 112 19 Reserve at Rancho Belago Phase II 417 20 Cedar Hills 96 24 Delhaven Street 234 25 Poppy Lane 60 Total Planned 1,796 49 Chino Preserve Bungalows 123 76 52 California Avenue 80 53 Merrill Avenue Brownstones 108 77 54 Polk Street 92 55 Vernola Marketplace 397 56 Canyon Bluff 88 57 Buena Vista 64 58 Iglesia La Senda Townhomes 50 79 81 59 Chelsea Commons 271 25 24 60 Courtyards at Cottonwood 81 78 Altair 100 88 61 Valley Heights 52 79 Bridges at Murrieta 542 74 Las Colinas Village 337 80 Las Haciendas 77 75 Tierra West 127 81 Murrieta Hot Springs Road 112 80 7 76 Lakefront Village 75 88 Jefferson Avenue 146 77 Murrieta Hills 193 Total Prospective 3,115 78 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Inland Empire New Construction & Proposed Multifamily Projects 4Q20 85 ID PROPERTY UNITS 2 Crestview Terrace 184 4 The Crossings at Redlands 340 Total Lease Up 524 6 Alta Upland 203 83 Total Under Construction 203 82 11 The Resort 100 12 The Standard 282 13 The Venue at Orange 328 14 Virginia Avenue 88 Total Planned 798 27 Day Creek Villages Townhomes 100 28 Foothill Boulevard and East Avenue Apartments 193 29 Haven at 26th 207 30 Haven Avenue 570 31 Resort Parkway 135 32 Via Alba & Vial Villaggio 72 33 Baseline Avenue Senior 91 34 Palermo Luxury 136 35 Renaissance Rialto 500 36 Highland Townhome 200 84 37 8th Avenue 57 38 Brookside & Eureka 138 39 The Grand 149 40 Judson & Grove 96 28 6 35 41 The Residence at Casa Loma 122 2 27 33 42 The Commons 62 86 42 43 34 36 43 Mesa Court 60 29 44 Ontario West 925 11 4 14 37 45 5256 Naranja 140 30 44 32 12 39 41 46 Brewer Site Subdivision 180 31 51 13 47 Hillborough Phase III 62 83 Olivetree 186 38 40 48 48 Hillsborough Village Phase II 68 84 Signature @ Valley Center 298 47 50 Ontario Ranch 91 85 Signature at Valley Center 128 46 51 Villa Palmetto 68 86 Arrowhead Grove 84 45 82 Desert Green Villas 84 Total Prospective 5,202 50 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Inland Empire New Construction & Proposed Multifamily Projects 4Q20 87 64 ID PROPERTY UNITS 63 62 3 Avenida Palm Desert 161 65 5 Total Lease Up 161 66 71 3 5 Millennium Palm Desert 166 26 Total Under Construction 166 68 21 69 21 Fred Waring Drive & San Pablo Avenue 100 70 22 Coachella Village 242 67 22 23 23 Coachella Village Phase II 110 26 The Sands 388 73 Total Planned 840 62 Ivey Palms 529 63 Ivey Palms Phase II 372 72 64 Glass House Pharms Development 50 65 University Park 336 66 University Park Drive 148 67 Arroyo Crossing 184 68 Northgate Crossing 247 69 Indio Plaza 69 70 Madison Pointe 240 71 Virada 170 72 Avenue 58 120 73 Pueblo Viejo 105 87 The Palazzo at Rio Vista 149 Total Prospective 2,719 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Inland Empire New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 The Monterey 2225 Collett Avenue Corona CA 92879 Lease-Up 442 Corona 05/15/2019 10/31/2021 03/10/2020 2 Crestview Terrace 575 East Baseline Street San Bernardino CA 92410 Lease-Up 184 South San Bernardino 04/30/2020 09/30/2021 12/22/2020 3 Avenida Palm Desert 40445 Portola Avenue Palm Desert CA 92260 Lease-Up 161 Palm Desert / La Quinta 06/01/2019 01/31/2021 11/19/2019 4 The Crossings at Redlands 26000 West Lugonia Avenue Redlands CA 92374 Lease-Up 340 Redlands / Yucaipa 09/01/2017 01/31/2021 08/01/2019 Total Lease-Up 1,127 Thousand Palms / 5 Millennium Palm Desert Gerald Ford Drive & Technology Drive Palm Desert CA 92211 Under Construction 166 10/30/2020 10/31/2021 Cathedral City 6 Alta Upland 1160 East 19th Street Upland CA 91784 Under Construction 203 Upland / Alta Loma 11/01/2019 06/30/2021 7 Rancho California Road Cosmic Drive & Rancho California Road Temecula CA 92592 Under Construction 160 Murrieta / Temecula 02/01/2020 06/30/2021 8 Mark 3650 Market Street Riverside CA 92501 Under Construction 165 East Riverside 08/07/2019 04/30/2021 9 Centerpointe 3105 Market Street Riverside CA 92501 Under Construction 116 East Riverside 05/22/2019 02/28/2021 10 Continental Villages 16340 Lasselle Street Moreno Valley CA 92555 Under Construction 125 Moreno Valley 04/19/2019 01/31/2021 Total Under Construction 935 Rancho 11 The Resort 9301 The Resort Pkwy CA 91730 Planned 100 Rancho Cucamonga Cucamonga 12 The Standard 24000 West Lugonia Avenue Redlands CA 92374 Planned 282 Redlands / Yucaipa 13 The Venue at Orange 1600 Orange Avenue Redlands CA 92373 Planned 328 Redlands / Yucaipa 14 Virginia Avenue 1402 North Virginia Avenue Ontario CA 91764 Planned 88 Montclair / North Ontario 15 Rancho Cielito Los Serranos Blvd & Pipeline Avenue Chino Hills CA 91709 Planned 354 Chino / Chino Hills 16 Falloncrest at the Preserve Forest Park Street & East Preserve Loop Chino CA 91708 Planned 203 South Ontario 17 Norco Valley Square Project Hamner Avenue & Third Street Norco CA 92860 Planned 320 Corona 18 Continental Village Phase II 16340 Lasselle Street Moreno Valley CA 92555 Planned 112 Moreno Valley 19 Reserve at Rancho Belago Phase II 28095 John F Kennedy Drive Moreno Valley CA 92555 Planned 417 Moreno Valley 20 Cedar Hills North Hathaway Street & East Hoffer Street Banning CA 92220 Planned 96 Beaumont / Banning 21 Fred Waring Drive & San Pablo Avenue Fred Waring Drive & San Pablo Avenue Palm Desert CA 92260 Planned 100 Palm Desert / La Quinta 22 Coachella Village SWC Avenue 48 & Van Buren Street Coachella CA 92201 Planned 242 Indio 23 Coachella Village Phase II SWC Avenue 48 & Van Buren Street Coachella CA 92201 Planned 110 Indio 24 Delhaven Street Date Street & Delhaven Street Murrieta CA 92563 Planned 234 Murrieta / Temecula 25 Poppy Lane Lemon Street & Washington Avenue Murrieta CA 92562 Planned 60 Murrieta / Temecula 26 The Sands 74351 Hovley Lane East Palm Desert CA 92260 Planned 388 Palm Desert / La Quinta Total Planned 3,434 Rancho 27 Day Creek Villages Townhomes 12255 Base Line Road CA 91739 Prospective 100 Rancho Cucamonga Cucamonga 28 Foothill Boulevard and East Ave & E Foothill Blvd Fontana CA 92336 Prospective 193 Rancho Cucamonga East Avenue Apartments Rancho 29 Haven at 26th 10451 26th Street CA 91730 Prospective 207 Rancho Cucamonga Cucamonga Rancho 30 Haven Avenue SEC 4th Street & Haven Avenue CA 91730 Prospective 570 Rancho Cucamonga Cucamonga Source: Yardi Matrix Yardi Source: Inland Empire New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP Rancho 31 Resort Parkway 4th Street & Resort Pkwy CA 91730 Prospective 135 Rancho Cucamonga Cucamonga 32 Via Alba & Vial Villaggio Via Alba & Vial Villaggio Ontario CA 91764 Prospective 72 Rancho Cucamonga 33 Baseline Avenue Senior Baseline Avenue & Citrus Avenue Fontana CA 92336 Prospective 91 Fontana 34 Palermo Luxury 14951 Foothill Blvd Fontana CA 92335 Prospective 136 Fontana SWC North Ayala Drive & West 35 Renaissance Rialto Rialto CA 92376 Prospective 500 Rialto Renaissance Pkwy 36 Highland Townhome Greenspot Road & Webster Street Highland CA 92346 Prospective 200 Highlands 37 8th Avenue Kimberly Avenue & Robyn Street Redlands CA 92374 Prospective 57 Redlands / Yucaipa 38 Brookside & Eureka Brookside Avenue & Eureka Street Redlands CA 92373 Prospective 138 Redlands / Yucaipa 39 The Grand 120 West Redlands Blvd Redlands CA 92373 Prospective 149 Redlands / Yucaipa 40 Judson & Grove East Central Avenue & North Grove Street Redlands CA 92374 Prospective 96 Redlands / Yucaipa 41 The Residence at Casa Loma 1201 North University Street Redlands CA 92374 Prospective 122 Redlands / Yucaipa 42 The Commons Foothill Blvd & Monte Vista Avenue Upland CA 91786 Prospective 62 Montclair / North Ontario 43 Mesa Court 760 Mesa Court East Upland CA 91786 Prospective 60 Montclair / North Ontario 44 Ontario West Inland Empire Blvd & North Vineyard Avenue Ontario CA 91761 Prospective 925 Montclair / North Ontario 45 5256 Naranja 5256 Naranja Street Chino CA 91710 Prospective 140 Chino / Chino Hills 46 Brewer Site Subdivision South Benson Avenue & Philadelphia Street Chino CA 91710 Prospective 180 Chino / Chino Hills 47 Hillborough Phase III 11902 Central Avenue Chino CA 91710 Prospective 62 Chino / Chino Hills 48 Hillsborough Village Phase II 11902 Central Avenue Chino CA 91710 Prospective 68 Chino / Chino Hills 49 Chino Preserve Bungalows Bickmore Avenue & Meadowhouse Avenue Chino CA 91708 Prospective 123 South Ontario 50 Ontario Ranch New Haven Avenue & Ontario Ranch Road Ontario CA 91761 Prospective 91 South Ontario SWC West Mission Blvd & South 51 Villa Palmetto Ontario CA 91762 Prospective 68 South Ontario Palmetto Avenue 52 California Avenue 8690 California Avenue Riverside CA 92503 Prospective 80 West Riverside 53 Merrill Avenue Brownstones 3575 Merrill Avenue Riverside CA 92506 Prospective 108 West Riverside 54 Polk Street 3907 Polk Street Riverside CA 92505 Prospective 92 West Riverside 55 Vernola Marketplace NWC 68th Street & Pats Ranch Road Mira Loma CA 91752 Prospective 397 West Riverside 56 Canyon Bluff 739 Monte Vista
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