An approximately 118 acre development site in Banning, California, with an approved tentative map for 302 single family residential lots. Existing inventory includes 6 furnished model homes, 3 completed production homes, 56 improved lots and 215 paper lots. Twenty-two homes within the development were previously sold by the original builder.

Project Description

Douglas Wilson Companies (DWC), agent for Receiver, was engaged to manage homes, lots, streets, a regional storm water basin and abandoned farms.  Following the receivership, DWC was engaged to manage and sell the property.

Scope of Work

DWC secured and stabilized the property and dealt with issues such as lots in various stages of improvement, complexities with some of the conditions of approval, the transition of streetscape planting to the City’s Landscape Maintenance District, ongoing maintenance of a regional storm water detention basin, and challenges to the existing finishes.

Project Resolution

Property was sold.

Project Name

Evergreen Estates

Client

Douglas P. Wilson

Location

Banning, CA

Service Provided

    Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.

    ADDRESS

    1620 Fifth Avenue
    Suite 400
    San Diego, California 92101

    PHONE

    (619) 641-1141

    EMAIL

    info@douglaswilson.com