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California  + Inland Empire  + Apartments  | 
Development Plans Unveiled at Former Riverside Sears Store

Development Plans Unveiled at Former Riverside Sears Store

Riverside Property Owner, LLC, a partnership between Foulger-Pratt and Seritage Growth Properties, has unveiled a proposal for a mixed-use project at the site of the former Sears store on Arlington Avenue in Riverside, CA.

According to The Press-Enterprise, the preliminary plans call for 25,000 square feet of commercial space, including a potential grocery store and various shops as well as 27 two- and three-story buildings consisting of 388 multifamily housing units. A dog park is also planned.

While some of the locals have a fondness for the former Sears and would like it preserved in some way, Foulger-Pratt said they actually looked into the idea, but decided against it. In addition Riverside is under pressure from state officials to boost its housing stock by the end of the decade.

The proposal still has to undergo an environmental study, approval from the Cultural Review Board and then the ultimate decision by the Riverside City Council.

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Inside The Story

Foulger-PrattSeritage Growth Properties

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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