The revitalization of Riverside's Downtown is in full swing! The City's Redevelopment Agency authorized staff to negotiate with Metro Pacific Properties for a first-class, mixed-use, four-block redevelopment project surrounding the Fox Theatre. The project will accent the historic context of Riverside's Downtown and offer upscale living space, retail variety, dining and entertainment. Patrons will be treated to an exhilarating nightlife in the heart of Downtown. This project will surely become a premier Inland Empire destination.

Sure it sounds exciting, but you're probably asking yourself, "Haven't I heard all this before?" Well, here are the details you've been waiting for! Read on to learn more project details to date.

The proposed project includes over 400 residential units and 75-100,000 square feet of commercial space. The architectural theme for the entire development is based on the Old World European Mediterranean Revival character established by existing structures such as the Fox Theatre and Mission Inn. Building height will range from three to six stories. Residential units, comprised of lofts and luxury condominiums, will occupy the upper floors of the project buildings. Ample garage parking is included to address the residential, commercial, and public needs of the project site. Staff anticipates returning to the Redevelopment Agency with a negotiated deal by August 31st.

Looking Forward.

The renovated Fox Theatre and the innovative surrounding development will create a positive physical and thematic connection with the Mission Inn and pedestrian mall. This development has great things in store for the businesses of the downtown area and we are excited to see this project get off the ground. The City is committed to the continued service of our community through the stimulation of economic growth and overall aesthetic improvement.

Riverside Economic Development News