Transit-Oriented Housing Opens in Riverside, CA

The first transit-oriented development in Riverside, Calif is now ready to accept tenants. These developments are a new take on traditional Riverside apartments.  This four-story collection of 187 for-lease flats and lofts is rising on two parcels totaling 4.26 acres off the 91 Freeway and directly adjacent to the La Sierra Metrolink. The housing is located in the La Sierra South neighborhood. An area we have covered in our neighborhood guide page! Feel free to learn the history about the neighborhood and view all the homes for sale.

Riverside apartments

The buildings are right off Indiana behind the Riverside Metrolink

For Riverside residents, these “hip” new communities are not a surprise. In Riverside County, the median home price was $385,000, less than half of Orange County’s median of $795,000. Economists say the high cost of living in this state is turning coastal residents into Inland commuters. For those of us in the real estate industry, this makes perfect sense. Gone are the days of a boring Inland Empire. Riverside is a thriving market! According to the National Association of Realtors, California saw sales in June be the highest in nearly four years.

Ruben Hernandez attended the event and said, “It is amazing to see the growth and improvements that our area is experiencing. I was honored to present at the opening ceremony on behalf of Senator Richard Roth and the La Sierra Business Council.”

Target Demographic

These new Riverside Apartments are located near public transportation, shopping, restaurants. MBK Rental Living is building units specifically to target consumers who don’t need to relay on their own car. According to their website, they want you to “Take Life Up a Notch”

“Imagine a home where every detail is just right, from stunning modern interiors to functional shared spaces, all just a short stroll away from the La Sierra Metrolink station. This is your link to the best of Riverside and beyond – get connected at Metro Gateway¹.”

At the end of the day, this type of project highlights the growing public transit of Riverside. If you remember the Time magazine article from May, “The 25 Suburbs Where Millennials Are Moving”, there is reason they state the mass movement of millennials into our suburbs.

“Thousands of millennials are moving to the suburbs of Riverside, Calif., San Antonio, Texas and Orlando, Fla. The burbs of those three metro areas saw the greatest growth in the number of adults aged 25 to 34 between 2010 and 2015, according to data from the Urban Land Institute provided to TIME.”

Riverside Apartments Features & Amenities

These Riverside apartments community will feature shared spaces, green features, and different stations that cater to bikes and solar carports. For example, you can rent and repair bikes right on site. There will be a huge two story fitness center and a communal courtyard for social gatherings. The pool and spa area is a “resort style” with plenty of lounge chairs, tables, and space to hang out. According to Inlandempire.us, the outlets in the kitchen come with USB charging outlets.

“The residences at Metro Gateway will be comprised of a mix of open-concept studio lofts, one bedroom and two-bedrooms, with one to two baths, ranging in size from 590 to 1,211 square feet. Units will include carriage-style one-car garages or carports, with some models offering deck or patio options. Standard features will include stainless steel appliances, quartz counter tops in kitchens, and contemporary cabinets in the kitchen and baths. The units will also offer energy-efficient features including full-size front-loading GE washers and dryers and energy efficient water heaters. Tech features will include USB charging outlets in the kitchens and flat panel TV connects in the living rooms.”

For some, the modern amenities, drought-tolerant landscaping, and artisan work spaces are nothing new. Consequently, others might see this as a drastic change coming from traditional apartment complexes. As a result, Riverside is growing into a great community with many different areas of living for all age groups.

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Tell Us What You Think!

Finally, what do you think of these new developments? Would this be a place you want to live? You can let us know in the comments below.

Riverside apartments

Broker/Owner Ruben Hernandez (pictured third from the right) help cut the ribbon at the grand opening of the Metro Gateway Riverside Apartments

By | 2017-08-15T15:01:01+00:00 August 4th, 2017|Buyers, Neighborhoods, Real Estate News, Sellers|0 Comments

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