new town

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new town

In keeping with the expression “all things old are new again,”modern residential development is focusing on a small-town atmosphere called the new town concept.It includes sidewalks and community parks plus offices,retail,places of worship,and schools within the project itself and usually within walking distance of residential areas.It may even include some home-above-retail or home-above-office concepts and satellite offices for government services such as license renewal.

References in periodicals archive ?
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.
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