A total of 726 single-family homes and detached condominium units are planned for Pavilion Park, which will be the first part of the Great Park Neighborhoods development. This week, eight major home builders bought land in this first offering from master developer FivePoint Communities Inc. Construction of the new homes, priced from the high $600,000 range to $1.2 million, is expected to begin this month.
Wabash wrote:I'm okay with them building homes on the land. The risk is passed to the developers.
I"m sure they've done the market studies to know what type of homes can built there and what price they can get.
seeinred wrote:There must have been some very fine print on the "No Airport, Great Park" election ballots during the 90's... It must have read something like, "The passage of this referendum in no way gaurantees that any park will be built."
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