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(949) 748-6714 | 2151 Michelson Drive, Suite 250 | Irvine, CA 92612 Home | Contact Us |
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Canyon Hills - Chino Hills, San Bernardino County, CA Project Description Canyon Hills is a 141-acre property with a recorded final map for 76 lots in the City of Chino Hills in San Bernardino County. The land plan is designed around the rolling topography and native oaks to optimize open space and view premiums. Chino Hills is one of the best markets in the Inland Empire, boasting outstanding schools and one of the highest median household incomes in the country. The property is within easy commuting distance of Orange County, Los Angeles County and the Ontario Airport. Background The previous owners of Canyon Hills spent more than 10 years and millions of dollars planning and entitling the property. When the market crashed, they were motivated by the ability to carry-back tax losses from the sale of the property. Forestar closed on the property less than one month after signing a letter of intent. Value Added The main impediment to developing this property was the lack of sewer service in this part of Chino Hills. However, a nearby project recently extended a sewer main and built a pump station that is sized to serve Canyon Hills. Forestar is extending resource agency permits, perfecting off-site fuel-modification and grading easements and getting the grading plans approved. Forestar will have the property ready to develop when the market is right. |
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"Foremost Values" Excellence in everything we do. • An environment of teamwork and trust. • The value of each employee. Commitment to our partners and customers. • The importance of profitable operations. Integrity in the conduct of our business. |
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