RSI Communities Buys Beaumont Site
Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood.
RSI – which makes precision-manufactured houses that can be assembled faster and more efficiently than through traditional methods – said it plans to break ground on the project this year, with homes available for sale in early 2018