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We are pleased to announce that the residents in City of
Chino
have shown
their support for Ivy Garden, a 107-unit senior condominium complex,
which is part of our CGM The Golden Palms mixed-use project, with
wide-margin votes in favor of this development. The strong support for
the senior condominium project confirmed our market study that this
type of high quality, but reasonably priced, for-sale senior housing is
in demand in the area. This Phase 3 development was successfully completed in December 2008, with units starting at a price of $248,000.
In addition , Phase 1 development of
Grandview Medical
Plaza
was
completed a couple years earlier in June 2006.
The construction of our Phase 2
development, a 51,000 square foot retail/restaurant development, was completed in mid 2007. |