Silverwood Master Planned Community

In 2021, Beaumont and its partners formed a joint venture to finance Silverwood, a 9,300 acre master planned community development located in the Inland Empire, California. The Inland Empire has become one of the largest industrial markets in the United States with a need for workforce housing that significantly outweighs the amount of existing and under-construction homes. Silverwood is one of the last fully entitled and approved master planned communities in the Greater Los Angeles area. The property is located 19 miles from San Bernardino county’s major employment centers, 28 miles from Ontario, and 63 miles from downtown Los Angeles.

Silverwood had been in the California land entitlement process for over 20 years and has recently been granted environmental approval and full entitlement for approximately 16,000 finished residential lots, 700,000 square feet of shopping, schools, recreation, public services, and 4,933 acres of parks and open space spread across three development phases. The development opportunity is to create a town of 50,000 people in a market with proven demand for workforce and affordable housing.

The Inland Empire is home to over 4.6 million people, which represents a larger region than 24 of the 50 United States. The population is expected to reach 5 million people by 2025 with a continued trend of people moving away from large cities into suburban areas. The Inland Empire lacks additional land suitable for large scale development. As a result, there is a significant shortage of new lots, which has generated pent up demand consistent with the region’s strong economic growth. This growth is primarily due to the 500+ million square feet of industrial activity in the region (logistics, distribution, warehousing).