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Following the success of our Grandview Medical Plaza in Chino, CGM broke ground on another new development of a state-of-the-art medical / professional office building in West Covina in May 2007. After just one year later, we are proud to announce that our project has been completed. With the ever-increasing demand to own their own medical office, Doctors will be delighted to know that they will once again have an opportunity to purchase these brand new units.
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. The units start with a price of $248,000.
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In addition , Phase 1 development of
Grandview Medical
Plaza
has
completed construction as of June 2006. The construction of our Phase 2
development, a 51,000 square foot retail/restaurant development, was also completed in mid 2007.
Meanwhile, Phase 3 development, a 107-unit senior condominium complex is well on its way to being complete by late 2008.
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