The Riverside City Council has approved the $650,000 sale of a vacant 3.7-acre Railroad Avenue parcel to Railroad Ave Storage LLC for a mixed-use development. The project includes three two-story self-storage buildings with approximately 70,000 square feet of rentable space and four affordable three-bedroom homes targeted at households earning up to 80% of area median income. The storage buildings are sited to serve as a noise buffer from adjacent rail lines. Final approval from the Countywide Oversight Board is still required. The development is projected to bring $15 million in…
