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Community & Economic Development
Economic Development, Placemaking and
Branding/Marketing Committee
FEBRUARY 17, 2022
DEVELOPMENT PROPOSAL FOR
PUBLIC PARKING GARAGES 1 AND 2
RiversideCA.gov
2 AERIAL SITE MAP AND PROPERTY DETAILS
Public Parking Garage 1
213-271-012
Zoning: Raincross District
General Plan: Downtown Specific Plan (DSP)
Lot Size: 0.46 acres
Parking Stalls: 170
Appraised Value: To be Determined
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3 AERIAL SITE MAP AND PROPERTY DETAILS
Public Parking Garage 2
213-301-006 and -015
Zoning: Raincross District
General Plan: Downtown Specific Plan (DSP)
Lot Size: 0.42 acres
Parking Stalls: 155
Appraised Value: To be Determined
RiversideCA.gov
4 • February 12, 2021: Staff provided information to the Financial Performance and Budget Committee
regarding 7 City-owned properties, including Public
Parking Garages 1 and 2, for direction as to whether
they should be retained, leased, or declared as surplus. • May 25, 2021: City Council declared Public Parking
Garages 1 and 2, as surplus properties and authorized
the marketing and sale of these properties pursuant to
Assembly Bill 1486.
BACKGROUND
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5 • June 1, 2021: Staff sent a written notice of availability to the required public agencies and to all affordable
housing developers who registered with the State’s
Housing and Community Development (HCD) for a 60-
day first offering period to provide at least 25% of all residential units for low-income affordable levels.
• July 31, 2021: Staff received one joint development
proposal from Pelican Communities and Greens
Development.
BACKGROUND CONT.
RiversideCA.gov
6 DEVELOPMENT PROPOSAL
Units: 59 total (located at Garage 2 site)*
Bedrooms:
• Studio: 23 Units
• 1 Bedroom: 24 Units
• 2 Bedroom: 12 Units
Parking: 170 stalls (at Garage 1)
Retail: 3,900 ‐ 9,000 SF (Garages 1 & 2)
* 25% of all units will be at affordable levels (as required by AB 1486) 5 6
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7 PRELIMINARY SITE PLAN
UNIVERSITY AVE.
OTTAWA AVE.
Public Parking Garage 2
Ground Floor Floors 2 thru 5
RiversideCA.gov
8 PRELIMINARY ELEVATION
UNIVERSITY AVE.
OTTAWA AVE.
Public Parking Garage 2
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9 STRATEGIC PLAN ALIGNMENT
Envision Riverside 2025 Strategic Plan Priorities
Cross-Cutting Threads
Community Trust
Equity
Fiscal Responsibility
Innovation
Sustainability &
Resiliency
#3 Economic Opportunity
RiversideCA.gov
10 That the Economic Development, Pla cemaking and Branding/Marketing Committee:
1. Review and consider a joint development proposal from Pelican Communities and Greens Development fo r a mixed-use retail/residential project and associated parking on approximately 0.89 acres of combined City-owned property consisting of Public Parking Garages 1 and 2, identified as Assessor Parcel Numbers 213-271 -012, and 213-301-00 6 and 213-301-015; and
2. Direct staff to negotiate a Purchase, Sale, and Development Agreement with Pelican Communities and Greens Development, or a newly formed joint entity between both entities, for the development of a mixed-use retail/residential project and associated parking to be presented to the City Council for final consideration and approval.
RECOMMENDATIONS
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