Two more housing developments set for Visalia
- San Joaquin Valley Homes and Presidio Residential Capital to build
- “Greystone” and “Ashton Park” to be designed for entry-level buyers and young families
Two new residential communities, called Greystone and Ashton Park and totaling 218 detached single-family homes priced from the mid-$200,000s, are planned for Visalia by San Joaquin Valley Homes and Presidio Residential Capital. The developers say they have closed on 29 acres (151 lots) and plan to close an additional 19 acres (67 lots) next year for the projects.
Groundbreaking is expected in April and the neighborhoods are expected to be open for sale by early 2019. Their retail value is estimated to exceed $52 million.
“Ideally located on prime Visalia land in the Northwest with easy access to excellent schools, these communities will be extremely appealing to first-time and move-up buyers and young families,” says Danny Garcia, vice president of sales at SJV Homes, which is based in Visalia.
Greystone will offer 127 traditional homes with six floor plans ranging from 1,658 to 3,205 square feet on lots ranging in size from 6,800 to 8,200 square feet with some premium lots over
10,000 square feet. Ashton Park will offer 91 garden homes with three floor plans ranging from 1,297 to 1,597 square feet on lots ranging in size from 4,700 to 6,000 square feet. These homes will feature nine-foot ceilings, pitched tile roofs, tile flooring, granite countertops, stainless appliances and two-car garages.
The new communities are located on the northeast corner of West Riggin Avenue and North Akers Street across the street from the new Ridgeview Middle School. The new residential neighborhoods are located less than four miles from downtown and about four miles east of Highway 99.
Founded in 2013 by Joe Leal, Jim Robinson and Randy Merrill, SJV Homes closed on its 1,000th home in late December 2017.
The Visalia communities are SJV Homes’ 17th and 18th joint venture projects with Presidio Residential Capital, a San Diego based real estate investment company that funds 100 percent of the projects and operations of SJV Homes.
According to the National Association of Home Builders’ formula to determine the local impact of single-family housing in typical metro areas, adding 218 single-family homes will generate $63.7 million in local income, $7.9 million in taxes and other revenue for local governments and 875 local jobs.