September 16, 2014 Comments 0 0

Mothballed Riverside Mega-Project Comes Back to Life

Spring Mountain Ranch, in the City of Riverside, a 1400-unit mothballed housing development begun during the last housing cycle, sees renewed activity with KB Homes, in a joint venture with landowner, iStar Financial, recommencing development activity. When sales activity in Spring Mountain commences in October of this year, it should be telling as to whether the generally depressed Inland Empire housing market will be able to support a development of this magnitude in an interior location.

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Tags IStar FinancialKB HomesRiverside CountySpring Mountain Ranch
Category Land/Projects

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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