Moreno Valley City Council has taken the next step in creating a new City core by approving the sale of 56.42 acres at Alessandro Blvd. and Nason St. for development as a mixed-use master-planned Town Center, consisting of commercial, office and public uses. The buyer, Lewis Acquisition Company, is the largest and oldest master-planned community developer in the Inland Empire, with Rancho Cucamonga’s Victoria Gardens among its many successful projects.
The Moreno Valley Town Center is intended to provide the City with an attractive new downtown, a destination for residents and visitors, alike. The project envisions commercial uses, including entertainment, hospitality, restaurants, shops and offices; 300-700 luxury residential units; a section for a civic use, such as an Innovation Library/Technology Center; a police substation; public gathering places to host art displays and outdoor music and entertainment; and an area for a major public amenity that will attract more visitors and commerce to Moreno Valley. The project will be designed utilizing inter-connected plazas, urban niches, landscaped open space, walkable streets, and the highest caliber of architectural features.
"We want a destination Town Center to serve as both a beautiful new downtown core for residents and an alluring attraction for visitors," said Dr. Yxstian Gutierrez, Mayor of Moreno Valley. "It will be a beautiful and convenient place to live and work and a fun place to shop and recreate that we can all be proud of."
Lewis Acquisition Company has agreed to pay the fair-market value of $5.6 million, and will contribute another $2 million to create the major public amenity to attract visitors. The company has also agreed to give local residents priority for new jobs.
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