.

Purchase Finalized for Grant Street Village Townhouses

Construction, rehab to start soon on unfinished units.

 

D.R. Horton, one of the largest homebuilders in the nation, has closed escrow on its purchase of the stalled project in Healdsburg.

Steve Reilly, a consultant to D.R. Horton, said the sale was completed last week.

"Construction will start immediately," said Reilly, of the Bay Area division of Land Advisors Organization. "The units that are partially built were not constructed properly to mitigate for the sound, so D.R. Horton is going to start on those units and replace the windows to better insulate the units from noise.

"They will probably have units ready to sell in the latter part of this year," he said.

since the original developer went bankrupt, and the original lender went out of business.

Ben Poole August 29, 2012 at 01:31 PM
D.R. Horton is the best contractor/developer Healdsburg could attract? Where are the green builders, the solar panels, creative design, green products. This is pathetic news and is a true reflection of how the city is stuck in backward out dating thinking. This is rivals parking meters on the Plaza in brilliant ideas.
Igor August 29, 2012 at 06:26 PM
Ben ... I expect that anyone with a little investigation, and observation, would steer clear from this project. It is located in the historical flood plain of Healdsburg and within spitting distance of the Railroad Tracks and the Associated Traffic Signal at Grant Street....CHOO CHOOs will be soon blowing their whistle right in front of them....I can hear the complaints already. Buyers Beware ......
Jim August 29, 2012 at 10:10 PM
So you have the cost associated with the 'bridge' and the re-work associated with the existing construction and you want to attract a green builder, solar panels, green products, for a project that is already 1) had designs approved 2) has nearly complete units 3) has significant infrastructure improvement costs associated with project completion. So you hate green builders and want them to go bankrupt on this project is my takeaway, wow, you are mean.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something