November 18, 2016
One of the largest master-planned communities available for development in the state is back in play. Rancho Miramonte, a 271-acre, 823-lot master-planned project in Chino, CA., is being marketed for sale by Cushman & Wakefield, on behalf of GLE Edgewater Properties, LLC.
The site, which was in escrow previously with a land developer, already has secured amended EIR approvals. Located within the coveted Chino Preserve Specific Plan in the southeastern part of Chino, the site offers scenic rolling hills, panoramic views and walking trails near Prado Regional Park and Reservoir.
Cushman & Wakefield’s John Bibeau says the project is bigger than merchant builders typically handle. Given the sheer size and roughly $60-million in upfront infrastructure investment involved, the endeavor more closely matches the comfort zones of master developers, who are expected to pursue the land.
For comments, questions or concerns, please contact Dennis Kaiser