A Resolution of the City Council of the City of Riverside, California, as Successor Agency to the Redevelopment Agency of the City of Riverside Approving a Purchase, Sale and Development Agreement with Grapevine Development, LLC., for the Sale of Approximately 1.86 Acres of Successor Agency-Owned Vacant Land located at 2731-2871 University Avenue, Riverside, California, for $1,050,000 for development of mixed-use project including 15 percent affordable housing units - Waive further reading - Recommend Countywide Oversight Board adopt a Board resolution authorizing execution of Agreement with Grapevine for sale of Property in accordance with the California Department of Finance approved Long-Range Property Management Plan, contingent upon approval and execution of a Disposition and Development Agreement between Housing Authority of the City of Riverside and Grapevine for adjacent property located at 2882 Mission Inn Avenue, identified as Assessor’s Parcel Number 211-131-001 (Ward 1)

What this record is

Held by

Grapevine Development, LLC 2 records across this site

Amount

$1.05M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

purchase

Field

Real estate

real estate contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Grapevine Development, LLC also holds

Joint item with Housing Authority and Successor Agency to the Redevelopment Agency - Disposition and Development Agreement with Grapevine Development,… Riverside, CA

Committee

City Council

Requested by

City Clerk

Introduced

December 11, 2025

On agenda

January 6, 2026

Where it was heard

City Council Jan 6, 2026 City Council Jan 6, 2026

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