The City of Moreno Valley, just east of Riverside, Calif., in Southern California’s Inland Empire submarket, has been growing rapidly and will continue to do so. Moreno Valley’s population has consistently grown by 5 percent every year, according to Melissa McClain, the city’s management assistant of economic development. There are more than 7,000 single-family and multifamily homes in the current pipeline — and those residents will soon be seeking out additional retail options.
A few of the city’s premier shopping centers have changed hands recently, allowing these properties to undergo a revitalization that can accommodate these new customers. This includes Festival Shopping Center, which just signed Floor & Décor as a new anchor. The center also features a multi-use component, as it is home to a 400,000-square-foot corporate business park.
to hear about the other changes afoot at Moreno Valley shopping centers, as well as which restaurants are entering the arena.
This video was created as part of the Retail Insight newsletter by Shopping Center Business, a brief newsletter series leading up to the 2019 ICSC RECon conference and including post-conference video interviews. The videos in the publication are created in conjunction with our content partners, which sponsor the newsletter. Click here to subscribe.