California Construction News staff writer
JPI has started vertical construction on The Exchange at Riverside, a development including 482 homes in Riverside. The milestone was celebrated with a Golden Hammer ceremony on the jobsite.
The three-story luxury multi-family development will also include two resort-style pools, outdoor firepits and kitchen, coworking lounges, fitness center, dog park and electric vehicle charging stations.
“We are very blessed to be welcomed by the Riverside community and are excited about this project,” said Payton Mayes, CEO of JPI. “Every project has a story, and there are so many people who played a role in the story of The Exchange at Riverside. We are so grateful for each and every one of you, and are excited to see this project come to life.”
Construction will be completed in late 2024.
“This project means so much to the Northside neighborhood,” said Erin Edwards, Councilmember of Ward 1. “I am thrilled that we can celebrate new housing opportunities here in our city. Adding 482 units to our housing inventory does more than just help us reach our housing goals, it shows we have a growing community where neighborhoods can thrive. I look forward to welcoming my neighbors to the community when it’s complete.”