RIVERSIDE, CALIF. — Newport Beach, Calif.-based Marinita Development Co. has broken ground for the construction of Orangewood Centre, a retail center located at the intersection of Van Buren Boulevard and Dauchy Avenue in Riverside. Expected to open this summer, the project consists of four buildings ranging in size from 6,000 to 8,100 square feet. The center is currently 85 percent pre-leased to a variety of tenants, including Firestone Tire, Kragen Auto Parts, 7 Eleven, Subway, Sip’s Coffee, a dry cleaner and a nail salon. Costa Mesa, Calif.-based Nadel Retail Architects provided architectural services for the project; Los Angeles-based Mooreland Construction is serving as general contractor. Jeff Randolph of Irvine, Calif.-based Avalon Financial Group Inc. arranged the project financing, which was provided by Vineyard Bank.
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