Moreno Valley, CA
Savannah, a 98 single family home for sale community, is located just south of Highway 60 in the desirable Rancho Belago neighborhood. The community is located near the newly developed Stoneridge Towne Center and Moreno Beach Plaza and is directly across the street from Mountain View Middle School and Valley High School.
The project sat dormant and incomplete for almost 10 years prior to AHV’s involvement. The Principals of AHV Communities were engaged as an Asset Manager to orchestrate a turnaround of the project on behalf of the owner. AHV was responsible for the bidding, construction and supervision of all development activities, including backbone infrastructure, lot grading, street improvements and common area landscaping. AHV Communities assembled and managed all aspects of marketing and sales efforts. While serving as the Asset Manager, all homes released were pre-sold prior to construction completion with over 50% of the community pre-sold at prices exceeding proforma projections.
- Successfully processed and obtained previously rejected building plans with the City
- Completed updates to the prior offsite construction plans
- Instrumental in the de-annexation of the CFD from the adjacent tract map allowing an important monetization event to occur within the control of the owner