Bedrock
Development agreement

Madison at Railroad, Riverside, CA

On municipal recordRiverside, CA
5/ 5
Prime signal
Bedrock impact score
Action type
Development agreement
Asset class
Multi-asset · site-wide
Status
On municipal record
Filed
2026-08-11
Jurisdiction
Riverside, CA
Days on record
18 days
Aerial view of Madison at Railroad, Riverside, CAApprox — jurisdiction center
Aerial — close view · EsriInteractive map ↓
Street View ↗
01Investment highlights

Why this deal matters

  • Development agreement in Riverside, CA
  • Bedrock impact score 5 of 5 — Prime signal
  • ~3.7 acres of formerly RDA-owned vacant land is being unlocked and conveyed to a private developer under a binding PSDA
  • A direct site acquisition and entitlement opportunity in Riverside's redevelopment pipeline.
  • On the municipal record 18 days (filed 2026-08-11)
02Deal summary

The rationale

~3.7 acres of formerly RDA-owned vacant land is being unlocked and conveyed to a private developer under a binding PSDA — a direct site acquisition and entitlement opportunity in Riverside's redevelopment pipeline.

Riverside City Council, acting as Successor Agency to the former Redevelopment Agency, is adopting a resolution to approve a purchase, sale, and development agreement with Railroad Ave Storage LLC for the sale of approximately 3.7 acres of Successor Agency-owned vacant land known as Madison at Railroad (APNs 230-245-013, -015, and portions of additional parcels).

03Deal facts

The filing record

Jurisdiction
Riverside, CA
Action type
Development agreement
Asset class
Multi-asset · site-wide
Parcel · APN
230-245-013, 230-245-015
Applicant
Railroad Ave Storage LLC
Status
On municipal record
Filed
2026-08-11
Days on record
18 days
04Location

Where this sits

Approximate — centered on the jurisdiction (no exact street address on file).Esri World Imagery
Madison at Railroad, Riverside, CA
33.95300, -117.39600 · approximate (jurisdiction center)
Street view

At street level

Street view of Madison at Railroad, Riverside, CA
Google Street View · nearest outdoor imagery
Area demographics

Riverside County

2,437,864
Population
$70,732
Median HH income
736,413
Households
$1,269
Median rent
U.S. Census · ACS 5-year
Nearby amenities

Within ~1 mile

20 Transit
20 Schools
20 Dining
3 Grocery
12 Banks
5 Parks
Points of interest · Google Places
05Record timeline

Filing to current status

  1. Filed with jurisdiction
    2026-08-11
    18 days on record
  2. Scored by Bedrock
    Relevance 5 / 5
    Automated land-use signal
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