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Project Update (March 2008 Riverside, CA 92518)
LNR Property Corporation has completed all of the infrastructure of Phase 1 & Units 2 & 3 of phase 2 of Phase 2 (±220 acres). Nearly all of the lots in Phase 1 have been sold and many projects have been built on these lots (identified as Phase 1). Meridian is a ±1,000 acre fully entitled master planned business park. Many of the lots in Phase 1 have been sold and buildings are under construction on these lots.
Nearly 2.7 million SF is complete and 400K under construction.
Project Overview
A 1,000 acre Master Planned Business Park with improved parcels for sale, buildings for sale or lease, or build to suits.
- Industrial, business park, office and commercial sites.
- Foreign Trade Zone
- 3 miles of I-215 freeway frontage with three interchanges
- Future Metrolink/transit station
- Located in rapidly growing Riverside County at geographic center of the dynamic Inland Empire region
- Rail served parcels
- Lowest development impact fees in the Inland Empire
- Close proximity to expanded Ontario International Airport
- High speed fiber cable
- Attractive economic development utility rates
- Supportive local government agency (March Joint Powers Authority) with streamlined approval process
- Financially strong and experienced master developer LNR Property Corporation
Meridian is the premier business park environment emerging in the Riverside County portion of Inland Empire, a region known to be Southern California's fastest growing commercial hub. The project will encompass development of approximately 16 million square feet of industrial and mixed use property on 1,000-acres of land across the freeway from March Air Force Reserve Base. Future speculative development at the site will be industrial, manufacturing, warehouse, office and R&D class industrial facilities slated for build-to-suit, sale and lease opportunities.
The state-of-the-art, organized, safe and affordable business community will attract manufacturing, technology, professional service and logistics based businesses. As the name Meridian implies, its geographic location places it at the epicenter of a growing global economy, a fact highlighted by the project's direct proximity to the March Global air cargo port and its destination as a foreign trade zone. Also, its prime geographic location in Southern California's Inland Empire will allow it to leverage a workforce drawn from a region known for its depth of educated and skilled residents.
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