Welcome to this edition of the Economic Development Roundup, your resources for the latest news on business growth in our City.
Skyborne Buildout Continues to Grow
We are pleased to announce that Lennar Homes, a Fortune 500 company, has been approved by the Planning Commission to start the development of 79 homes located in the Skyborne Subdivision. Lennar purchased 79 lots in December 2020 and anticipates purchasing another 108 lots on or before mid-December 2021.
The proposed homes will have Desert Mediterranean and Hacienda architectural styles and have the option for a Desert Hacienda or Desert Ranch style with different color schemes. The proposed homes will have three or four bedrooms, two-car garages, and range from 1,547 – 2,091 square feet. The target date to start building is April 2021 on three models, with a groundbreaking for selling their first phase of homes in August 2021.
More Palm Drive Improvements
The City applied for Active Transportation (ATP) Cycle 5 grant funds for the next phase of the Palm Drive improvements. This past Monday, the Riverside Transportation Commission (RCTC) Technical Advisory Committee (TAC) approved recommending the Palm Drive Improvement Project as the 3rd highest ranked project in Riverside County.
The City will receive $3.7 Million in ATP Cycle 5 grant funds for the project. The project scope of work includes the Installation of ADA Ramps, sidewalks, new streetlights, new 4-way stop at palm and 12th, flashing stop lights and asphalt rehabilitation from Pierson Blvd to Mission Lakes Blvd. The RCTC commission is scheduled to approve the final funding in April and construction is expected to start in September 2021.
Meanwhile, we have been working on keeping small businesses updated with information regarding support, funding and regulations. If you are not receiving our Covid eBlast, please let us know. By the way, if you are looking for information regarding the County’s move from the purple tier to the red tier, here’s a link and summary below:
For more information, contact Denise Hamet at email@example.com.