The expansion of distant work has yielded a rural land blast, especially in the reasonably estimated Inland Empire markets.
With the opportunity to work from any place, Southern California occupants are gobbling up bigger, lower-valued properties in the Riverside and San Bernardino regions. A Realtor.com overview distributed in August tracked down that the Riverside-San Bernardino-Ontario, CA metropolitan region recorded the steepest stock decay of any market cross country as eager homebuyers from Greater Los Angeles moved in.
In any case, the new offer of a 2,590-section of land property in Calimesa could convey 3,052 new homes to the starved Inland Empire market. As indicated by revealing by The Press-Enterprise, the incomplete Summerwind Trails ace arranged local area has been sold by Irvine designer SunCal to JPMB Investments, an LLC claimed by Pasadena-based homebuilder Paul Onufer.
There are 600 parcels inside the local area that are at present being created by homebuilders Lennar, Meritage Homes, Richmond American, and D.R. Horton, like Camellia Pointe and the sold-out Retreat at Summerwind Trails.
JPMB Investments desires to fulfill purchaser interest by starting development in mid-2022 and conveying the new homes by year-end. The 3,000 or more home destinations have effectively been supported by the city, which will assist with smoothing out the cycle.
Summerwind bears various on-location conveniences, including 20 miles of trails, 80 sections of land of arranged parks, more than 1,400 sections of land of open space, three arranged schools, and a developing retail and business park that as of now flaunts a CVS and Stater Bros. Market.
It’s hazy how much the 2,590-section of the land site sold for, yet it’s been alluded to as “the district’s second-greatest offer of parcels in eight years.” New single-family homes in Calimesa commonly sell in the high-$300,000s to low $400,000s territory, as per BuzzBuzzHome information.
The Calimesa Planning Commission may have canceled its regularly scheduled meeting earlier this week, but that doesn’t mean building projects are not going on in the city.
There are several residential developments under construction. Among them is Summerwind Trails in the master-planned Summerwind Ranch Specific Plan, on the west side of Interstate 10 off the Cherry Valley Boulevard exit.
The first homes in the 3,600- to 3,700-unit development were available for sale in January 2019. DR Horton, Lennar, and Meritage are all building homes, both single- and two-story plans, and have opened sales offices, while Richmond American received approval from the planning commission in November and has been issued three building permits.
Those aren’t the only residential projects, however. DR Horton is also building at JP Ranch and Mastercraft is completing the final phase in the Singleton Heights community, both off of Singleton Road.
“We are excited to see (Summerwind) Phase 1 residential and the Marketplace completed, along with Singleton Heights and JP Ranch neighborhoods,” said Maryn Wells, associated planner for Calimesa.
The Marketplace, she referred to, is also part of the Summerwind Ranch Specific Plan. It is expected to open its state-of-the-art Stater Bros this spring after breaking ground last summer. The Marketplace, located off Desert Lawn Drive and Cherry Valley Boulevard, also includes a UPS store, nail salon, Starbucks, Mountain Mike’s Pizza, an auto spa, 7-Eleven convenience store, and fast-food drive-throughs Jack in the Box and Del Taco.
“We are excited to see the Summerwind commercial projects continue to move forward and hope to bring the next portions of this commercial development to Planning Commission in the coming months, pending applicant timelines,” Wells said. “We have entitled all of Summerwind Phase 1 residential, and are looking forward to providing commercial services to those neighborhoods.”
Also in progress are Country Club Village, two service stations along County Line Road and Rancho Citrus Business Park, a mixed-use commercial and light industrial park, and an RV storage facility off of Desert Lawn Drive. Rancho Citrus Business Park received a one-year development extension in November.
The two service stations, which both also include a convenience store and car wash, are at opposite ends of County Line Road. A 76 fuel station is under construction at the eastbound exit at County Line Road off Interstate 10. The other fuel station is located at County Line Road and California Street.
Located at Desert Lawn and Champions drives, Country Club Village features assisted living, medical offices, a hotel, retail, and restaurants. It just completed rough grading and submitted building plans for some assisted-living units in December.
The planning commission’s next regularly scheduled meeting is at 6 p.m. Monday, Feb. 10, at the Norton Younglove Senior Center, 908 Park Ave.