San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital have acquired 40 acres north of Nebraska Avenue and east of Viscaya Parkway in Dinuba, California and plan to build Vista Robles, a new neighborhood with 138 single-story detached homes.
The partners plan to break ground this month and begin model construction in February 2019. The retail value of this project when it’s complete will exceed $38 million.
“We are honored to be able to offer families in Dinuba quality homes,” said Danny Garcia, vice president of sales at SJV Homes. “We can’t wait to start showing off this beautiful community.”
Vista Robles will offer single-story homes ranging from 1,443 to 2,100 square feet with Mediterranean, Tuscan and Craftsman exteriors. The three-to four-bedroom homes offer extra-large home sites and spacious floor plans with two- and three-car garages. Prices are expected to start in the $260,000s.
The community is surrounded by agricultural land and rural residential development. Located approximately 12 miles from Highway 99, the main regional transportation corridor, Vista Robles is about 30 miles southeast of Fresno and 37 miles northwest of Visalia. It is close to shopping and major employers including Ruiz Food Products, Dinuba Unified School District and Family Tree Farms.
This is SJV Homes’ 23rd joint venture project with Presidio Residential Capital, a San Diego-based real estate investment company that funds 100% of the projects and operations of SJV Homes.