A proposed project in Jurupa Valley would add 200 residential units to the existing multifamily project, after plans were recently submitted to the City by local developer Anthony Vernola Trust. The first phase of the Vernola Marketplace Apartment Community was approved in 2019 and will total 347 units.
Located on 8.3 acres of vacant land along Pats Ranch Road, the second phase of construction would include residential units within 12 three-story buildings. Units would be a mix of one, two and three-bedroom options.
The first phase, which remains under construction, is just south of the 8.3-acre expansion site and will be completed by 2023. The first 397 units as well as various community amenities, parking areas and landscaping and street improvements are being developed on 17.4 acres of land. Wermers Multi-Family Corporation began construction on the project in the Summer of 2020.
“We are excited to be part of a new development in Jurupa Valley. Each new addition to the Inland Empire not only brings more housing, but creates more opportunities to revitalize neighborhoods and bring communities together,” Barry Weber, vice president of Wermers Multi-Family Corporation, said.
Once fully developed, the Vernola Marketplace Apartments would also include a number of amenities, including a 1,500 square-foot fitness cabana, a 3,000 square-foot leasing office and community clubhouse, a pool and spa, dog park and recreation areas. 375 parking spaces are also proposed in the second phase of development.
The project is being designed by Orange Architects, with renderings revealing gated walkup apartment buildings designed in a Spanish Colonial Revival style, similar to those in the first phase of construction. Apartment buildings feature red tile roofing, light stucco exteriors and arched entryways. Wrought iron and terracotta decorative elements are also seen throughout the project.
Located in close proximity to Interstate-15, the project will also include a sound wall to block noise from traffic. The project is also near various retail amenities, including Lowe’s, Target and Ralphs. In addition, the area is home to a variety of outdoor recreation opportunities, with numerous parks and the Santa Ana River nearby.
The Inland Empire has been developing rapidly over the past several years. According to a fourth quarter multifamily market report for the region by Kidder Mathews, vacancies continue to trend downward as construction deliveries and rental rates trend upward. The report showed the Inland Empire finished 2021 with a 2.2 percent vacancy rate while 1,676 residential units were delivered to the market. At the same time, average asking rents rose more than 13 percent year-over-year to $1,681 per month.
