Riverside, California
Development News
New construction, housing projects, commercial development, and the growth shaping Riverside's future.
Featured Projects
Downtown$185M Downtown Riverside Tower Tops Out — Tallest Building in Inland Empire on Track for 2027 Opening
The $185 million Riverside Grand tower reached its full 18-story height this week, marking a major milestone for what will become the tallest building in the Inland Empire. Located at the corner of Main and 6th Streets, the mixed-use development will deliver 240 luxury and workforce residential units, 40,000 square feet of ground-floor retail, and six floors of Class A office space. The project is expected to generate more than 650 permanent jobs and is on schedule for a spring 2027 opening. Leasing for commercial space opens this August.
InfrastructureCity Breaks Ground on $38M Riverside Riverwalk — 2.4-Mile Trail, Parks, and Public Art Along the Santa Ana
The City of Riverside officially broke ground this week on the long-awaited Riverside Riverwalk project, a $38 million transformation of the Santa Ana River corridor into a 2.4-mile public trail connecting downtown to the Eastside. The project includes new pedestrian and bike paths, three new pocket parks, native landscaping, public art installations, and improved lighting. Phase one is expected to open by summer 2027, with full completion in 2028. The project is funded through a combination of state active transportation grants and city bonds.
More Development News
New $52M Elementary School Breaks Ground in Hunter Park — Opens Fall 2027
Riverside Unified School District broke ground on a new 850-student elementary school in the fast-growing Hunter Park neighborhood, responding to a surge in population driven by nearby residential development. The $52 million facility features modern classrooms, a dedicated STEM and robotics lab, a full gymnasium, and a solar array covering 90% of the school's energy needs. The campus will also include a community meeting room available to neighborhood groups after hours. Doors open in fall 2027.
Eastside Residential Boom Continues — 420 New Home Permits Filed in 90 Days
Builders have filed permits for 420 new single-family homes in the Eastside Riverside corridor over the past 90 days — the highest quarterly total in more than a decade. The surge is driven by strong demand from first-time buyers relocating from Los Angeles and Orange County, with median new-home prices in the corridor now at $648,000. Three new subdivisions are expected to begin vertical construction by August 2026.
220-Unit Apartment Complex Approved for University Corridor Near UCR
The Riverside Planning Commission granted final approval for a new 220-unit apartment complex on University Avenue near UC Riverside. The six-story building will offer studio, one-, and two-bedroom units, with 25% designated as affordable housing for households earning below 80% of the area median income. Construction is set to begin in August 2026 with an estimated completion in early 2028.
New Tech Employer to Open Riverside Campus — 300 Jobs Coming to Downtown
A regional technology firm has announced plans to open a new 45,000-square-foot corporate campus in downtown Riverside, bringing approximately 300 full-time jobs to the area. The company cited Riverside's growing talent pipeline from UC Riverside and Cal Baptist University, lower operating costs compared to Los Angeles, and the city's business-friendly incentives as key factors in the decision. The campus is expected to open in the first quarter of 2027.
Downtown 7th Street Retail District Nears Completion — 14 New Tenants Confirmed
The new retail and dining corridor on 7th Street in downtown Riverside is on track to open this September with 14 confirmed tenants, including a local coffee roaster, a farm-to-table restaurant, a fitness studio, a wine bar, and a boutique home goods shop. The $9 million project is the latest phase of the city's downtown revitalization initiative and is expected to draw an estimated 2,000 visitors per weekend.
City Council Approves $28M Affordable Housing Complex in Casa Blanca — 110 Units for Low-Income Families
The Riverside City Council voted unanimously to approve a $28 million affordable housing development in the Casa Blanca neighborhood, set to deliver 110 units for low- and moderate-income families. The project is funded through state housing grants, federal low-income housing tax credits, and city redevelopment funds. Groundbreaking is scheduled for early 2027, with occupancy expected by late 2028.