2-acre property in Rancho Cucamonga sells to residential investor
A 1.8-acre multifamily development site in California's Inland Empire has sold for nearly $7 million as the first foray into the region for Western...
A 1.8-acre multifamily development site in California's Inland Empire has sold for nearly $7 million as the first foray into the region for Western Spire, a private real estate investment firm. Western Spire, which focuses on adding urban infill housing projects to suburban Southern California markets, bought the plot at the northwest corner of Red Oak Street and Spruce Avenue in Rancho Cucamonga for its first project in the Inland Empire. The company plans to build housing at the site. The property is within City Center, an area of Rancho Cucamonga zoned for future retail, civic activity and multifamily housing, and is a hub for future employment within a pedestrian-oriented and transit-ready location.