Other risks include whether home buyers will pay for the identity that comes with living in a master-planned community
with its own village-style center.
Ritter Ranch is planned next to the 5,200-home Anaverde master-planned community
, now under construction.
Six companies, including the developers of the neighboring 5,200-home Anaverde master-planned community
and two companies owed money under the project, have qualified to bid for the giant development, for which the minimum bid is $10 million.
The company opened its first Master-Planned community
in 2002 and since then has grown to become a trusted leader in Northern Baja California property development for families, retirees and investors.
The National Association of Home Builders (NAHB) recently named Woodbury - a new residential village designed and developed by The Irvine Company - the nation's "Best Master-Planned Community
of the Year.
PALMDALE - A Colorado developer trying to revive the 7,200-home Ritter Ranch master-planned community
is also negotiating to take over the neighboring 4,500-home City Ranch project.
NYSE: STN--"Station") and The Greenspun Corporation today announced that they have entered into an agreement to develop Aliante Station, a hotel and casino in Aliante, a 1,905-acre master-planned community
in North Las Vegas.
PALMDALE - A bankruptcy court confirmed Wednesday a city-backed plan to revive the Ritter Ranch project, clearing the way for a Newport Beach developer to begin building the 7,200-home, master-planned community
Irvine-based master-planned community
developer SunCal Companies will develop the residential component of Delta Shores; M&H Realty Partners will develop the retail commercial portions.
developer is hoping to take on the failed Ritter Ranch project, a 7,200-home master-planned community
that went into default before a single home was built.
The Coachella Valley Division will oversee the development of five current SunCal communities within the region, including the highly anticipated master-planned community
of Terra Lago in Indio.
According to city officials, a June 17 deadline to resume work on the 7,200-home Ritter Ranch project passed without any progress, putting the massive master-planned community
in default on a $50 million bond issued to finance public improvements.