Local homebuilder San Joaquin Valley Homes says it has purchased 37 acres of raw land on Jensen Street between St. John’s Parkway and Houston Avenue in Visalia and plans to build 144 single-family homes there.
Grading will begin in June, and a grand opening at the new neighborhood, called Pine River Estates, is scheduled for October.
“This neighborhood will offer quality homes at an affordable price,” says SJV Homes’ Co-Founder Jim Robinson. “Prices will start in the low 200s with newly designed floor plans and elevations. Plus, its location near elementary, middle and high schools that are all located close together is ideal for families.”
The development is the ninth project that SJV Homes has developed in a joint venture with Presidio Residential Capital, a San Diego-based real estate investment company.
Pine River Estates will offer five different three- and four-bedroom floor plans with three elevations each, ranging in size from 1,574 square feet to 2,314 square feet, on lots averaging 6,700 square feet.
The new development is less than an hour away from Fresno and the Fresno Yosemite International Airport.
Since it was founded in 2013, SJV Homes has developed five neighborhoods in Tulare County, one in Kern County and two properties in Kings County, the nation’s second fastest growing urban county. The developer plans to begin work on three more communities this year.