Real Estate Development - REVIEW 2017
 
 
 
Southern California Real Estate Development

...building from the city for $1 in a deal to put Riverside on the map 

for modern city dwellers.

Retail and restaurants, the experience in real estate development, urban professionals who go to work, shops and restaurants in the downtown 24/7, residential, commercial and mixed use throughout the retail space retail and restaurants run in Southern California through the head ... "a new daily necessities market See" Dodman, a terrace and amenities in the garage with pool, spa, gym, community kitchen, campfire a station with dogs to go and told the bike to work. A lounge for residents and guests to watch the sunset, enjoy the skyline and have a chat. 

The expected completion date for the project is 2017. Urban URBAN-retail retailers Urban Professionals.  Ratkovich Properties real estate development experience to purchase, the Kaiserstadt construction equipment for $ 1 in an agreement to purchase Riverside card for residents of the modern city.   Ratkovich now has properties rights in hand to hardware lofts imperial, a six-storey building, 91 loft units and the ground floor project that uses, the historical center of the transformation structure. 

The company has an excellent reputation for creating great and memorable places ... to serve all young millennial empty nests, it is increasingly in urban areas, projects like these in areas play good urban like Riverside "I see the desire of all countries more, Easy to live, go more and cultural events. " Several other projects in Riverside, including, Stalder's construction project against Fox, a mixed-use residential project that includes 165 residential units and 20,000 square meters of commercial space. The project, which is estimated at 40 million, in negotiations with another developer, the city administration said. "It was great to see the aspirations of the specific plan of the city center be developed," he added...

*Were it not for Zelinka’s reputation as a community developer, the Irvine-based Ratkovich Properties president might not have hopped into his car with another principal in the firm, Rob Dodman, to take a drive to Riverside.
They took the Mission Inn Avenue exit, cruised the downtown district and did a 180-degree turn.
Months later, Ratkovich Properties bought the Imperial Hardware building from the city for $1 in a deal to put Riverside on the map for modern city dwellers. Now, Ratkovich Properties has its entitlements in hand to build Imperial Hardware Lofts, a six-story, 91-unit loft apartments, and ground- floor retail project using the historic downtown structure for the transformation.
Now in the construction drawing phase, Ratkovich Properties plans to begin building the $25 million Imperial Hardware Lofts development at Main Street and University Avenue in 2016.
“What we saw blew us away,” Ratkovich said, as the urban developer clicked off buildings with notable historical and architectural flair that add to the city’s vibrancy: the Mission Inn, Riverside County Courthouse, Fox Performing Arts Center, the new Riverside Convention Center and Centennial Plaza, where the Culinary Arts Academy and Riverside Community College District offices are coming into view.
“This is an authentic, walkable downtown with history,” Dodman said.
“We looked at one another and said, ‘Wow.’ This is one of the most beautiful cities we’d seen,” Ratkovich recalled. “The only problem was no one was living downtown.”
The firm, which worked out the particulars to acquire Imperial Hardware with Riverside’s development director, Emilio Ramirez, inked the $1 deal with a promise to spend $1.3 million for restoration and other work – sell above the $495,000 appraised price – to build the Imperial Hardware Lofts, a six-story, 91-unit building with apartments and shops, at Main Street and University Avenue.
Originally two separate buildings put up in 1900 and 1920, the Imperial Hardware building is clad with a 1930s art deco facade.
Imperial Hardware Lofts will rehabilitate and integrate the building’s facade, brick and tin ceilings into its design plans. Renderings presented to the city show a building with midcentury modern lines.
“It’s a look that mixes history with modern appeal,” Ramirez said, and puts a historical property back to use at the downtown core.
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The Edison Building project to turn a former Long Beach City Hall space into a residential complex for artsy millennials was well underway when Cliff Ratkovich got the call from a former community development director in Fullerton.
“We need you in Riverside,” Riverside Assistant City Manager Al Zelinka said.
Ratkovich said he shrugged off the invitation at first.
“Frankly, Riverside has been the city you give the affectionate postcard wave to as you drive from Orange County on your way to Palm Springs,” Ratkovich confessed.
Were it not for Zelinka’s reputation as a community developer, the Irvine-based Ratkovich Properties president might not have hopped into his car with another principal in the firm, Rob Dodman, to take a drive to Riverside.
They took the Mission Inn Avenue exit, cruised the downtown district and did a 180-degree turn.
Months later, Ratkovich Properties bought the Imperial Hardware building from the city for $1 in a deal to put Riverside on the map for modern city dwellers. Now, Ratkovich Properties has its entitlements in hand to build Imperial Hardware Lofts, a six-story, 91-unit loft apartments and ground- floor retail project using the historic downtown structure for the transformation.
Now in the construction drawing phase, Ratkovich Properties plans to begin building the $25 million Imperial Hardware Lofts development at Main Street and University Avenue in 2016.
“What we saw blew us away,” Ratkovich said, as the urban developer clicked off buildings with notable historical and architectural flair that add to the city’s vibrancy: the Mission Inn, Riverside County Courthouse, Fox Performing Arts Center, the new Riverside Convention Center and Centennial Plaza, where the Culinary Arts Academy and Riverside Community College District offices are coming into view.
“This is an authentic, walkable downtown with history,” Dodman said.
“We looked at one another and said, ‘Wow.’ This is one of the most beautiful cities we’d seen,” Ratkovich recalled. “The only problem was no one was living downtown.”
The firm, which worked out the particulars to acquire Imperial Hardware with Riverside’s development director, Emilio Ramirez, inked the $1 deal with a promise to spend $1.3 million for restoration and other work – sell above the $495,000 appraised price – to build the Imperial Hardware Lofts, a six-story, 91-unit building with apartments and shops, at Main Street and University Avenue.
Originally two separate buildings put up in 1900 and 1920, the Imperial Hardware building is clad with a 1930s art deco facade.
Imperial Hardware Lofts will rehabilitate and integrate the building’s facade, brick and tin ceilings into its design plans. Renderings presented to the city show a building with midcentury modern lines.
“It’s a look that mixes history with modern appeal,” Ramirez said, and puts a historical property back to use at the downtown core.
(1)

Zelinka said the company has an excellent reputation for creating great and memorable places.
Ratkovich-inspired projects are legendary, he said, and the momentum for downtown districts that serve everyone from young millennials to empty nesters is growing.
“I see a yearning all over the country to live more simply, walk more and enjoy cultural events,” Zelinka said, so projects like these play well in urban areas like Riverside that are focused on downtown revitalization.
A number of other projects are bubbling up in Riverside, among them The Stalder Building project across from the Fox, a mixed-use residential project that includes 165 units of housing and about 20,000 square feet of retail space. The project, estimated at $40 million, is in negotiation with another developer, city officials said.
“It’s been great to see the aspirations of the downtown specific plan are unfolding,” Ramirez said.
Currently, Edison Lofts in Long Beach is creating a buzz.
Acquired for $2.1 million after closing escrow in June 2013, the 1959 Kenneth Wing-designed building is being turned into a 150-loft apartment, mixed-use complex.
The midcentury modern building, which was vacant since 2005 before it was purchased by Ratkovich Properties, will feature concrete floors and high ceilings, glass windows and a rooftop deck with a pool, community lounge, grills, cabanas and fireplaces.
Edison Lofts also has a ground-level cafe and wine bar and a link to Long Beach’s East Village Arts District. Construction is expected to be complete in three months.
Another 500 units are in the pipeline by Ratkovich Properties and other ventures in Long Beach as a result of the Edison Lofts’ adaptive reuse development.
“We can draw a lot of parallels from that to the Imperial Hardware Lofts project,” Dodman said.
(2)
Zelinka said the company has an excellent reputation for creating great and memorable places.
Ratkovich-inspired projects are legendary, he said, and the momentum for downtown districts that serve everyone from young millennials to empty nesters is growing.
“I see a yearning all over the country to live more simply, walk more and enjoy cultural events,” Zelinka said, so projects like these play well in urban areas like Riverside that are focused on downtown revitalization.
A number of other projects are bubbling up in Riverside, among them The Stalder Building project across from the Fox, a mixed-use residential project that includes 165 units of housing and about 20,000 square feet of retail space. The project, estimated at $40 million, is in negotiation with another developer, city officials said.
“It’s been great to see the aspirations of the downtown specific plan are unfolding,” Ramirez said.
Currently, Edison Lofts in Long Beach is creating a buzz.
Acquired for $2.1 million after closing escrow in June 2013, the 1959 Kenneth Wing-designed building is being turned into a 150-loft apartment, mixed-use complex.
The midcentury modern building, which was vacant since 2005 before it was purchased by Ratkovich Properties, will feature concrete floors and high ceilings, glass windows and a rooftop deck with a pool, community lounge, grills, cabanas and fireplaces.
Edison Lofts also has a ground-level cafe and wine bar and a link to Long Beach’s East Village Arts District. Construction is expected to be complete in three months.
Another 500 units are in the pipeline by Ratkovich Properties and other ventures in Long Beach as a result of the Edison Lofts’ adaptive reuse development.
“We can draw a lot of parallels from that to the Imperial Hardware Lofts project,” Dodman said.
(3)

BY DEBRA GRUSZECKI / STAFF WRITER
Published: Aug. 7, 2015 Updated: Aug. 10, 2015 11:56 a.m.
Contact the writer: 951-368-9423 or dgruszecki@pe.com
The Press-Enterprise & Digital First Media.

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