New Development Project

Miramar View Estates

Location: Castro Valley, CA
Proposed Project Development Plan: Acquisition and Development of 3.17 Acres.


The Proposed development has already been approved for 13 to 19 custom view homes that can be built on the site; with each lot having an average footprint of approximately 2000 to 4000 square feet of living space!  The "Tentative Map" has been approved and the "Final Map" should be available within sixty (60) to ninety (90) days from the close of escrow (COE) which is set to close in the month of September or no later than October.  The development does take full advantage of the panoramic views from the East side of the Bay, with breath-taking views of San Francisco north to as far South as Silicon Valley!   This All-Green and totally Eco-Friendly Gated Community will address such issues as Solar Energy, Gray Water return systems, Low-E Tinted Windows, Tankless Water Heaters, Heated Floors and well-appointed Landscaping, taking into account the utilization of our California native plants which feed off the morning dew! 

Development Cost Breakdown:

Paper Ready Lots Cost: will have an average cost per lot of approximately $850,000.00 to &1,200,000.00 to slip your custom designed dream home into one of our premier lot!  Our luxury homes prices will range from $1,950,000.00 to $2,500,000.00 or more depending on the luxury upgrades of our savvy and attentive buyers!  Incentives will be given to those buyers that prequalify early to receive our developer's specials; a savings of approximately $200,000.00 or more that can be applied toward extra's amenities!  


Development Financing:

The developers of this project are utilizing "Project Finance Bonds" to fund this development from the ground up!  The bonding process gives us an edge over other ways to finance the project.  A double (BB) Rated Bond or better will be assigned to our Funder in the amount of $50,000,000.00 (Fifty Million Dollars).  This will ensure us that we have enough capital to complete our projects and give us a running start for our next series of planned development projects; such as our Senior, Veteran and Low to Moderate-Income Housing Developments, as these projects are the cornerstones of our Corporate purpose! 

Grand Opening Day will be announced soon!

 

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