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Demand for New Housing in Inland Empire is at All-Time High
Shopoff Realty Investments recently acquired 1,463 acres in Calimesa, part of Riverside County. Currently fully entitled, the project allows for a maximum of 3,650 residential units, 250,000 square feet of commercial space, two elementary schools and approximately 565 acres of open space.
“The Inland Empire has continued to see immense growth over the past decade, and the demand for new housing is at an all-time high,” says William Shopoff, Shopoff president and CEO. “Shopoff has played a pivotal role in several area master plans in the past by securing necessary project entitlements, and is thrilled to be able to take this project through the development phase with our partner.”
Located off Sandalwood Drive near the confluence of the 1-10 freeway and 60 Highway, the project location will allow freeway access for future residents to area employment as well as the greater Inland Empire.
- ◦Sale/Acquisition
