Lucero is in San Antonio Texas towards the South side of town at 410 and 281. There is 28.5 acres with the ability to get 128 lots on there 50 X 120. We have PSA executed and already moving forward with all Engineering as required. The property will be fully developed from our side, and we will be turning over the lots to be able to go vertical form there. We have a committed agreement with a builder already at 55,000.00 per lot. We will be breaking ground 6-1-2022 this will be complete construction by 2- 28-23 for turn over to builder
Pleasanton is in San Antonio Texas towards the South side of town at 410 and Pleasanton Rd. There is 20 acres with the ability to get 109 lots at 40X120. We have an executed PSA with a due diligence period of 120 days in which we will be closing on 5-1-22. We are planning to start construction on 8-1-22 and complete all by 6-30- 23 ready to go vertical at $1,300.00 linear foot. This will be a single take down on the turnover and we also be receiving earnest monies to complete different milestones.
Talley Road is 49 total acres located in San Antonio on the west side. We have placed a PSA in for 120 days due diligence period to allow for design and city submissions. There will 261 lots which include at 45’ X 120’ lots size. We will fully develop this site and already have written agreement with a builder to acquire when completed. We anticipate starting the construction of the site 10-1-22, with completion on 4-1-24. We are selling in 2 take downs so it will be fully developed and turned over when completed. We are selling each of these lots for 99,000.00.
Von Ormy (North tract) is in South San Antonio off Watson Road area. It is 50 acres with lots to be 45X120 and there will be 276 in total. We have a PSA out there now and will close on land 8-7-22 so it allows the due diligence period to be thoroughly reviewed and completed prior. We are looking at the cost per linear ft at 1,300.00 now but we anticipate the cost to go up prior before closing a contract. There will be several take downs on this property with the builder funding earnest monies to us through the process. The build will commence 9-1-2022 and will be completed by 7- 30-2024 with two phases build out.
Von Ormy (South tract) is in South San Antonio off Watson Road area. It is 50 acres with lots to be 45X120 and there will be 265 in total. We have a PSA out there now that will close on land 8-7-22 so it allows the due diligence period to be thoroughly reviewed and completed prior. The lots have already been agreed upon with a local builder with a LOI form them to purchase them. There will be several take downs on this property with the builder funding earnest monies to us through the process.