PROJECTS

River Oaks Subdivision



Owner/Developer

Western Financial, Inc.

Size:

28 Single family detached homes

Project Manager:

Terra Realty Advisors, Inc.

Delivery Method:

Owner/Builder

Year:

Started Entitlements 2004
Construction Commenced 2007

Financing:

Institutional

Value/Cost:

Land Value $4,000,000
Completed Value: $12,000,000

Comments:

Scott Sheldon, as Project Manager and equity owner, developed this remainder parcel of land, originally zoned Community Commercial, and designed and entitled, through a General Plan and Rezoning change, an affordable 28 lot subdivision. There were many site constraints, including floodplain and floodway conditions, Heritage oak trees, and underground utilities impacting the site. Working with Dahlin Group Architects, a plan was developed that included 28 small lots, with detached, two story product. The Tentative Map and land was sold to Edenbridge Housing..