Monday October 15, 2018
“With this beautiful new community, we’re offering growing families and young professionals an opportunity to live within one of the most desirable areas in the Central Valley,” said Danny Garcia, vice president of sales at SJV Homes. “With this price point, we believe we’ve hit a particularly sweet spot in this marketplace, and we expect these homes to move quickly.”
San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital plan to break ground this month at Kensington, a new residential community offering 134 detached single-family houses priced from the low $200,000s in Tulare in California’s Central Valley.
The neighborhood is expected to be open for sale by Spring of 2019. The retail value of this project is estimated to exceed $33 million.
Kensington will offer garden houses with three plans ranging from 1,297 – 1,597 square feet, all on lots averaging 6,000 square feet. The community will include a park and a pond.
Located about one mile east of State Route 99, a Central Valley transportation corridor that connects Fresno to the north and Bakersfield to the south, Kensington is on Cartmill Street immediately west of Mooney Boulevard, next to SJV Homes’ sister community called Brighton in Visalia. The community is a 45-minute commute from Lemoore Naval Air Station and south Fresno.
This is a 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. To date, SJV Homes and Presidio have partnered on 22 projects totaling more than 2,475 units.
Founded in 2013 by Joe Leal, Jim Robinson and Randy Merrill, SJV Homes closed on its 1,000th home in September 2017, making it one of the region’s most active home builders.