Grading began this past week on the first phase of the mixed-use m sole’ project in downtown Riverside. When completed, m sole’ will include up to 154 residential units and 7,000 square feet of ground-floor retail stretching along the west side of Market Street between Third and First streets.
Phase one consists of 10 live/work units slated for the northwest corner of Third and Market streets — near the convention center and across from the relatively new CVS and Starbucks. The units range in size from 1600 to 1850 sq. ft. (with work spaces of 200 to 600 sq. ft.) and are priced at $645,000 ($495,000 for the living space and $150,000 for the work space).
Later phases of the project will include a 24-hour concierge desk, pool, clubhouse, fitness center as well as a wine cellar. Developer Alan Mruvka has opened an information studio located inside the historic Sante Fe depot located at the corner of Mission Inn and Sante Fe avenues.
The $50 million m sole’ development marks the beginning of what city planners envision as the transformation of six blocks of Market Street between Mission Inn Avenue and First Street.
Already in the works is the $30 million renovation of the historic Fox Theater, which the city hopes to have completed by late 2008. The 1929 theater, situated a block west of the historic Mission Inn, will be transformed into a 1,600 seat performing arts center.
- m sole’
- Riverside Press-Enterprise – Proposed Riverside condos spark residents’ praise, concerns
- RaincrossSquare.com – Out & About – 01/21/2007
Sources: City of Riverside, The Press-Enterprise