The 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 Cucamongaโ€™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.ย 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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